- APE is currently trading hands at $6.02 after a 1.39% drop in price.
- The 9-EMA line for APE is still positioned bullishly above the 20-EMA line.
- The price of APE could approach the next support at $5.694.
As January comes to an end, Apecoin (APE) is one of the cryptocurrencies in the red. According to CoinMarketCap, APE is currently trading hands at $6.02 after a 1.39% drop in price over the last 24 hours. The altcoin was also able to reach a high of $6.31 and a low of $6.01 over the same time period.
APE also weakened against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH) by about 1.41% and 1.26% respectively throughout the last day. On the other hand, the crypto’s weekly performance is still in the green by more than 1%.
Also in the red zone is APE’s 24-hour trading volume which stands at $172,675,279 after a more than 2% decline since yesterday. APE’s market cap of $2,211,743,349 means that it is currently the 30th biggest crypto in terms of market capitalization. This places APE right behind OKB (OKB) in the 29th position and in front of NEAR Protocol (NEAR) which is ranked 31st.
APE’s daily chart indicates that the crypto’s 9-EMA (Exponential Moving Average) line is still positioned bullishly above the 20-EMA line after crossing on January 1 of this year. This could mean that bullish momentum is still lingering on APE’s chart which could succeed in pushing the price of the crypto higher.
On the other hand, the APE price is currently trading near the support level around $6.005. If APE closes today’s trading session above this level, APE’s price could start climbing again. If the opposite is the case, the price of APE coin could approach the next support at $5.694.
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