APEUSDT taking support at 200MA and Short Term Bullish
Technical Analysis:
1. Backtesting within 7 days: There are no clear patterns observed in the MACD, RSI, BOLL, and KDJ indicators. This indicates a lack of significant trend or momentum signals in the short term.
2. Backtesting within 30 days: Similar to the 7-day backtesting, there are no notable patterns in the MACD, RSI, BOLL, and KDJ indicators. This suggests a lack of clear trends or momentum signals in the longer term.
Fundamental Analysis:
1. Token Information: ApeCoin (APE) is an ERC-20 governance and utility token within the APE Ecosystem. It is used to empower a decentralized community building at the forefront of web3. APE will be adopted as the primary token for all new products and services by Yuga Labs, the creators of Bored Ape Yacht Club (BAYC).
2. Token Market Information: The current price of APEUSDT is $1.9386, with a 24-hour price change of -2.26% and a 7-day price change of +12.48%. The token has a market cap of $1,185,668,425, a total supply of 1,000,000,000 tokens, and a circulation supply of 299,531,250 tokens. The BOLL support price is $1.9169, while the BOLL resistance price is $1.9965.
3. Funding Analysis: Bybit's Major Whale Traders position direction is bullish, with a long/short ratio of 1.95.
4. Third-party Indicators: The Market Sentiment Index is at 79, indicating a high level of greed among market participants.
1. Backtesting within 7 days: There are no clear patterns observed in the MACD, RSI, BOLL, and KDJ indicators. This indicates a lack of significant trend or momentum signals in the short term.
2. Backtesting within 30 days: Similar to the 7-day backtesting, there are no notable patterns in the MACD, RSI, BOLL, and KDJ indicators. This suggests a lack of clear trends or momentum signals in the longer term.
Fundamental Analysis:
1. Token Information: ApeCoin (APE) is an ERC-20 governance and utility token within the APE Ecosystem. It is used to empower a decentralized community building at the forefront of web3. APE will be adopted as the primary token for all new products and services by Yuga Labs, the creators of Bored Ape Yacht Club (BAYC).
2. Token Market Information: The current price of APEUSDT is $1.9386, with a 24-hour price change of -2.26% and a 7-day price change of +12.48%. The token has a market cap of $1,185,668,425, a total supply of 1,000,000,000 tokens, and a circulation supply of 299,531,250 tokens. The BOLL support price is $1.9169, while the BOLL resistance price is $1.9965.
3. Funding Analysis: Bybit's Major Whale Traders position direction is bullish, with a long/short ratio of 1.95.
4. Third-party Indicators: The Market Sentiment Index is at 79, indicating a high level of greed among market participants.