ApeCoin (APE) Falls 0.02%, Underperforms the Crypto Market Sunday

Sunday, October 02, 2022 03:31 PM | InvestorsObserver Analysts

ApeCoin (APE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 2.39% to $5.15.

InvestorsObserver is giving ApeCoin a 48 Volatility Rank. Find out what this means to you and get the rest of the rankings on ApeCoin!

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Moderately Volatile

InvestorsObserver gives ApeCoin a moderate volatility rank of 48, placing it in the bottom 48% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. APE's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

ApeCoin price is well positioned going forward. With support around $5.01 and resistance at $5.24. This positions ApeCoin with room to run before facing selling pressures.