APEUSDTPER Binance
ApeCoin price is currently down 14% for the month of October. The Ethereum-based token witnessed a sharp decline during the start of the second trading week of October, as the bears rejected upward movement from the 8-day Exponential Moving Average. Based on the strong rejection, if the ApeCoin price does not recover soon, a sweep-the-lows event will be imminent.
APE price currently auctions at $4.68. The bears have successfully breached the boundary of support on the Relative Strength Index. As the indicator descends into extremely oversold territory, an influx of bearish volume is spotted on the 8-hour chart. Combining these two factors, APE price should decline further, with September low at $4.29 and the June 15 lows at $3.12 as key targets.
APE price currently auctions at $4.68. The bears have successfully breached the boundary of support on the Relative Strength Index. As the indicator descends into extremely oversold territory, an influx of bearish volume is spotted on the 8-hour chart. Combining these two factors, APE price should decline further, with September low at $4.29 and the June 15 lows at $3.12 as key targets.
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