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What's Next for Bearish Rated ApeCoin (APE)?

Monday, August 15, 2022 11:11 AM | InvestorsObserver Analysts
What's Next for Bearish Rated ApeCoin (APE)?

ApeCoin (APE) gets a bearish rating from InvestorsObserver Monday. The token is down 4.18% to $6.37 while the broader crypto market is down 2.25%.

Sentiment Score - ,
ApeCoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ApeCoin!

Bearish

Over the last five days, ApeCoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of ApeCoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

ApeCoin is currently trading near its five-day low of $6.27358593030678. The token is 14.75% off its five-day high and is 1.54% higher than its five-day low of $6.27.

ApeCoin price is currently below support. With support set around $6.37 and resistance at $6.91, ApeCoin is potentially in volatile territory as selling pushes the crypto's price below recent support.

ApeCoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on ApeCoin

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