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APEUSDT

ApeCoin Ape price is weak and still down-trendingWhile most altcoins recorded the bottom of the decline on June 10, the APEUSDT price decided to be more "creative" and continue to fall further. Over the past 3 days, the price of BTCUSDT has grown by +17%, by the way, at this idea we updated target: And the APEUSDT price has added just +22% since the bottom, which is a very weak result, frankly speaking. Therefore, we don't want to draw super upward arrows that the price will soon grow and give vain hopes. Now, the first and only task for APE buyers is to create at least some interest around the coin and raise the price to at least $2.90. This level was a strong support for the APEUSD price at the end of 2022, when the BTC price was around $15k (and now the price is twice as high - 30k) What will happen next with the APE price is difficult to predict, we will need to observe and analyze the dynamics of events in the future. So if you are interested in further analysis of ApeCoin from us, write about it in the comments, and we will analyze the APE price movement more often and published on Tradingview _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
17
Why is APEcoin still in Top 100 Cryptocurrencies?!?!If you haven`t read the APE Coin Growth Thesis: Then you should know that APEcoin's current market cap of $2.3 billion and its position within the top 100 cryptocurrencies seem overinflated and unjustified. The project's reliance on non-fungible tokens (NFTs) raises concerns about its intrinsic value and utility within the broader crypto ecosystem. Unlike other cryptocurrencies that offer tangible benefits, APEcoin's NFTs fail to provide significant value. While NFTs have gained popularity, their long-term sustainability and practical applications remain questionable. APEcoin's NFTs lack a compelling narrative or clear use case that would justify its market capitalization. In contrast to APEcoin, top-ranking cryptocurrencies have solid underlying fundamentals, offering functionalities such as decentralized applications, smart contracts, or efficient cross-border transactions. APEcoin's limited value proposition puts it at a disadvantage in the highly competitive crypto market. Considering these factors, a market correction or revaluation for APEcoin appears likely. A more realistic price target of $1.04 is in line with its current value and potential market demand. Looking forward to read your opinion about it.
Short
by TopgOptions
APEUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for APEUSDT.1D We are in the daily time frame. As you can see, the price has reached our daily support line and we expect the price to be supported and move towards our first resistance line, and if it can move above our resistance line and stabilize above it, we expect the price to rise to the resistance line. We consider the second. But if the price cannot stabilize above our daily support line and penetrates and stabilizes below our support line, we expect the price to fall. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
3
Bullish Harmonic Pattern and RSI Divergence Potential ScalpOur attention has been drawn to the 15-minute chart of APE, which is exhibiting a harmonic pattern and RSI bullish divergence. This could provide a potential scalp trading opportunity. Please note that this is not financial advice and always consider the inherent risks associated with trading. Idea : On the 15-minute chart of APE, a harmonic pattern has been detected. These patterns can often predict potential price reversals due to their alignment with Fibonacci numbers, making this an interesting setup to watch. Adding to the bullish scenario, the RSI (Relative Strength Index) is showing bullish divergence. This occurs when the price makes lower lows, but the RSI makes higher lows, which can often signal an upcoming bullish reversal. Considering these two technical factors, a quick scalp trade could potentially be executed. Scalping is a trading strategy where small profits are taken regularly to exploit short-term movements in the price. However, remember that while the gains can add up, the losses can as well, and scalping requires a strict exit strategy to protect against potential downturns. If this setup triggers and you decide to enter, ensure you have a clear stop loss in place and take profit levels defined. This will protect your capital and lock in gains when the price moves in your favor. This post is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments carry significant risk and may result in a loss of your capital.
Long
by sahbil
DXY on monthly 20ma resistanceThe dollar is maintaining its value above the "Magic blue line" (377ma offset 233) but now its finding itself on the 20 Month average and I see this as the beginning of a move down to 93$. I had a previous analysis from higher where it was on a major weekly average and it is playing out nicely so far. I believe the bearish move resumes here and I am actuvely buying crypto which is showing great bottom potential (check my other charts for those ideas) Dump dollar, buy gold, buy crypto. That's my sentiment right now. Good luck with your trades!
TVC:DXYShort
by TheChartWhisperer
APEUSDTHello again, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for APEUSDT Here we have R2 is a long-term resistance area in this chart with its presentation of the disability of the price to rise at several points. R1 used to be a support area. S1 used to be a resistance area. And S2 is our support area at the bottom that contains the well support of price at some different points. Clearly, the price experienced various rejections at R2 and each time it faced a decline lo lower amounts. By the last rejection at this resistance area, it experienced a severe decline down to S2 and after receiving several supports, ultimately it was able to rise up to R1. Then when it was rejected at this point by a negative Marubozu Candle and then through a hammer candle, it faced another rise to R1 area this time. Here it moved again in a falling trend and was supported at S1 area. Thus, it is fluctuating over the mentioned area in a neutral channel now and we expect it to provide us two scenarios. One of them is breaking R1 upward and by providing us some fixation and fluctuation over there, more rise happens to it in order to touch higher amounts including R2. But by the time the price falls below R1 and loses the support at its current point, definitely more decline will happen then. According to the chart, either of these two options will happen in the coming future. Please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
2