APEUSD Futures Contract (Perpetual) Trade Ideas — BTSE:APEUSD.P — TradingView

APE asset is still exhibiting bearishness The Apecoin price has displayed a remarkable price structure on the daily chart, the battle between bulls and bears was intense, around October 2023, the price favored bulls from the demand zone at $1.00, and flew all the way toward the $2.70 price mark by march 13th by shattering $1.80 resistance of that time. However, the Apecoin crypto exhibited faced deterioration as the price tumbled from a crucial supply level of around $2.70 on the charts by March 14th. The APE crypto showed a severe crash, after it touched the resistance level and it plunged to lower levels, by following the declining trendline. In the same way, the APE asset is still exhibiting bearishness after a drastic decline, it still shows falling capacity as it slides below the major trend 20-day and 50-day EMA bands, contingent on the sellers' surge the drastic decline could stretch for more depths.. Likewise, the Apecoin price asset is exhibiting bearish performance, as MACD is below the zero line and the RSI is not close to the 30 level at 39.69, meaning that the APE asset is not facing significant buying pressure yet and can continue to fall. The Ape coin asset is revealing bearish signs and has the capacity to sink lower. It has recorded bad results in the previous month, and quarter by -36.13%, and -9.72%, signifying a steady downward movement. At press time, the price is currently trading at $1.252 with an intraday decline of -9.81%. Therefore, if the price manages to break the immediate key support level of $1.00, the price will reach lower depths. However, if the price recovers and manages to break the trend line, the above targets for the APE price would be $1.50, and $1.80.

Is APE Price Ready For $2 Jump? APE ecosystem has been observing a decline in the overall treasury from $13 Million to $7 million within a month's period. The overall successful proposals presented on the network have also taken a dip of over 50%. Previously the ratio of total proposals to successful proposals was around 1 to 1.32 but this month it has reached to 2. It suggests that the community has rejected a great number of proposals this month. Looking at the BAYC NFT it has a floor price of 17.61 ETH while its competitor cryptopunks has a floor price of 41.5 ETH. The ecosystem is seeing a great surge in the NFT interest. Many analysts are expecting a strong growth in the APE Dao ecosystem in the future.

ApeCoin Price Plummets: An Ongoing Saga of Bearish Dominance?The ApeCoin price witnessed a breakdown below all the key EMAs suggesting a bearish outlook. The ApeCoin Price has crashed nearly 50% in the last 30 intraday sessions and has slid near a six month low value. The ApeCoin price has crashed after the bulls failed to recover above the 200 day exponential moving average. The correction in the overall crypto market affected ApeCoin crypto severely and the price crashed below the 200 day EMA. The price performance reveals that the APE crypto has erased nearly 35% in the last seven intraday sessions and has wiped out more than 50% in the last one month period. The recent price crash has dragged the price near the six month low value eroding all the short term gains. The daily chart shows that ApeCoin price is trying to stabilize near the October 2023 lows and trying to find a ground. The recent price crash has shifted the short term as well as long term trend outlook towards the bearish side. The price has fallen below the key EMAs and is showing no signs of recovery at the moment. The key EMAs may act as a dynamic resistance if the price nears it. As from the current price action the bears seem to have recaptured the high and might try to retain the trend control. Any rise in the short term may be considered as a discounted price for the sellers and the price may resume on the lower side if the selling pressure exceeds. Also, for the bulls to reestablish their claim over the trend, the ApeCoin price needs to conquer the dynamic support of the key EMAs and sustain above it. ApeCoin Crypto Volume Analysis The Intraday volume inflow was 52.167 Million USD which was 27.50% less than the previous day’s volume inflow suggesting a volume drop. The current market capitalization of Awas at 729.28 Million USD and ranks 100th in the overall crypto market. The volume to market capitalization of ApeCoin crypto was 7.22% suggesting mild volatility in the crypto. It has 604.89 Million APE tokens in circulation which is nearly 60.49% of the supply. The total supply of ApeCoin is 1 Billion APE tokens. Technical Indicators Suggest A Weak Outlook. From a technical point of view, the ApeCoin price has dropped below all the key exponential moving averages of 20, 50 and 200 days suggesting the early signs of reversal. The APE price may continue to slide lower if the bulls are unable to make a comeback from the recent support. Also, the Relative strength index line has fallen in an oversold zone suggesting an extensive selling pressure. The RSI line was placed at 27.94 points and SMA line was at 33.60. Also, a bearish crossover of both the lines was observed which indicates the selling pressure may continue in the short term. ApeCoin Price Prediction April 2024. The analysts have a wide range of price targets for April 2024. The most optimistic view of analysts assumes the ApeCoin price could advance to a high of $1.796 suggesting a potential gain of over 53.13%. The lower price target which the crypto could attain as per the analysts is $0.741 if breaks the recent support and six month low value of $1.001. Conclusion. ApeCoin price has crashed after the bulls failed to hold above the 200-day EMA. The with a 35% drop in seven days and over 50% in a month. Currently, The price has dropped near a six-month low, erasing recent gains. Furthermore, The bearish trend is evident as the price is below key EMAs, with no recovery signs. Bears may keep control, and any price rise could be a selling opportunity. Bulls need to push ApeCoin above key EMAs to reverse the trend. The RSI indicates strong selling pressure, suggesting the downtrend may persist if bulls don't step in. Technical levels: Support levels: $1.006 and $0.73 Resistance levels: $1.30 and $1.78 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

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APE/USD - Weekly Overview Looking at the Apecoin technical chart, the price level has faced significant selling pressure since August and is almost down by 43.00% since then. Considering the current trend, APE is struggling between 0.236 FIB level to 0.382 FIB level. Above 0.382 FIB level, there’s a strong resistance zone in which the price level is unable to maintain sustainability. MA-50 has also faced a negative crossover against MA-20 which can be an indication of an upcoming bearish trend The MACD level also in the potential to have a bearish crossover while the RSI level is looking vulnerable to a breakdown below 50. Overall, the technical chart reflects a bearish formulation for Apecoin and a word for caution for the upcoming days. Resistance: $5.50 and $6.50 Support: $4.00 and $3.50

APEUSD Futures Contract (Perpetual)

APEUSD.P trade ideas