Asia Pacific Electronic Coin narxAPECOIN

The uptick in ApeCoin’s netflows further emphasized the growing confidence in the token. Over the aforementioned period, netflows saw a positive change of +$34.8k, with a significant hike of +$8.82 million over the past week. These movements are a sign of greater demand for the altcoin, especially as more investors are now moving funds into ApeCoin. The larger trend over the past month revealed netflows totaling +$1.43 million – A figure which strongly aligns with the price hike, reinforcing the optimistic outlook for ApeCoin. At the time of writing, technical indicators were also signaling a bullish outlook for ApeCoin. For instance, the 4-hour chart highlighted a classic bull flag pattern, one showing that a breakout may occur. The flagpole is followed by a period of consolidation, where the price stabilizes before breaking above key resistance levels. The Adaptive Volatility-Controlled LSMA at $1.463 has been acting as a dynamic support zone, keeping the structure intact for a breakout. If ApeCoin breaks above $1.66, this would confirm the continuation of the uptrend. The Relative Strength Index (RSI) stood at 51.39, showing neutral momentum with no signs of overbought or oversold conditions, leaving room for more gains. Additionally, the Awesome Oscillator (AO) flashed green bars – A sign of mild positive momentum. If this pattern holds, the price could climb towards the $2.168 resistance level. However, a breakdown below $1.54 could signal a bearish reversal to the $1.32 major support level.

ApeCoin has shown promising signs of growth recently, fueled by a hike in market activity and bullish technical indicators. In fact, the altcoin’s price rose by 3.24% in 24 hours to trade at $1.61, at the time of writing. On the metrics front, a surge in large transaction volumes and positive netflows indicated strengthening market sentiment. On the other hand, a bull flag pattern on the charts alluded to a breakout towards higher resistance levels. As a result, many ApeCoin traders are now anticipating a hike in the altcoin’s value in the near term. ApeCoin’s recent performance has been marked by large transaction volumes, signaling strong investor interest. In the last 24 hours alone, large transactions amounted to $30.49 million, with a peak of $38.22 million on 10 December. Over the last few months, the token has consistently attracted large trades, showing greater attention from institutional and high-volume investors. This growing market interest has likely contributed to the steady hike in ApeCoin’s price, especially in late October and early December.

$APE Update: 🚨 Trade Setup: After a breakout from the Falling Wedge, $APE hit overbought levels (RSI > 85) and pulled back. Ideal buy zone near $1.10 support, aligning with 61.8% Fibonacci. Target: $1.35 (+20%). Stop Loss: $0.87. 🔍 Trend: Short-term, Medium-term: Strong Up | Long-term: Up 📍 Support & Resistance: - Support: $1.00, then $0.87 - Resistance: $1.35, then $1.50 Stay informed and trade smart! 📈 #Apecoin #CryptoUpdate #TradingSetup #MarketAnalysis #BullishAF #BullishCrypto #bullrun

Pomerdoge (POMD) Shows Immense Profitability – Are APE And FLOKI In A Good Market Position? If you are about to infuse in the crypto world, this article may help you in the venture. A new project, Pomerdoge, has been dominating the crypto world with its immense profitability. Hence, holders of ApeCoin (APE) and Floki Inu (FLOKI) have also started moving to the side of this new project. A severe downfall of Board Ape Yacht Club (BAYC) NFTs has caused a steep decline in the value of ApeCoin (APE). The latest on-chain data suggests that the floor price of BAYC, an NFT collection in the ApeCoin (APE) ecosystem, has dropped by 21% in the past week. This has caused an increase in the bearish sentiments around ApeCoin (APE). Subsequently, as Santiment’s data suggests, the number of ApeCoin (APE) users has also plummeted. Besides, it has led to a significant drop in the price of ApeCoin (APE). Over the past 30 days, ApeCoin’s (APE.

Based on the given information, it is difficult to directly link the news about ApeCoin DAO to the impact on the cryptocurrency market. The news doesn't provide much detail on the nature of the proposals or the specific resistance they are facing. Therefore, it's challenging to determine whether this news is bullish or bearish for the market. However, looking at the previous news articles, there are some key points to consider: 1. Ethereum's success: The news mentions that Ethereum is raking in significantly higher fees compared to Bitcoin. This indicates that Ethereum is gaining popularity and attracting more users to its platform. This could be seen as bullish for the overall cryptocurrency market, as it shows the demand and adoption of blockchain technology. 2. JPMorgan exploring blockchain-based deposit token: This news highlights JPMorgan's interest in utilizing blockchain technology for cross-border payments. If more major banks follow suit and adopt cryptocurrencies or blockchain solutions, it could have a positive impact on the market, as it would contribute to mainstream adoption and legitimacy. 3. SEC's actions and regulations: Several news articles discuss the actions and appeals taking place within the SEC regarding cryptocurrency cases. The regulatory environment surrounding cryptocurrencies can have both bullish and bearish impacts. Clear and favorable regulations can provide confidence and stability to the market, promoting growth. On the other hand, excessive regulations or unfavorable decisions can hinder innovation and adoption, leading to a bearish sentiment. 4. G20 crypto framework: The G20 leaders' support for a cross-border framework for crypto assets could be seen as a positive development for the market. Increased transparency and better regulation can contribute to a more stable and trustworthy environment for cryptocurrencies, potentially attracting more investors and users. Taking all these factors into account, the impact of the ApeCoin DAO news on the market is uncertain. More information about the proposals and the resistance they face is needed to make an accurate assessment. However, considering the broader context, the market sentiment seems to lean towards a bullish outlook, particularly with developments in Ethereum, major banks, and regulatory frameworks.