Today, November 7th Apecoin Prediction: APE/USD Bear Market

After falling below the $5,000 price level on October 11, Apecoin attempted to break this price level twice. Today’s bear market is the result of his failed second attempt to break the $5,000 resistance price level. Sales increased from yesterday to today. So far, the bulls seem to be nowhere to be found in today’s market.

Apecoin Market Price Statistics:

• Current APE/USD Price: $3.4
• APE/USD market cap: $1,024,332,534
• APE/USD Circulating Supply: 306,875,000.00
• APE/USD Total Supply: 1,000,000,000
• APE/USD Coin Market Ranking: 41st

key level

• Resistance: $4.00, $4.50, $5.00
• Support: $3.00, $2.50, $2.00

Apecoin Market Price Analysis: Indicator Perspective

Irregular price movements widen the upper and lower bands of the Bollinger indicator.Candlestick information for November 5 points to a very strong bull market. But the November 6 bear market is equally bullish. Bear market momentum within 3 days of price rejection is responsible for the divergent bands in Bollinger his indicator. It also means that volatility is on the rise.

APE/USD 4-Hour Chart Outlook

From this perspective, we can see that at the resistance price level of $5.130, the bears initially had to face off against the bulls over price. After that, the bears gain the upper hand and the price falls. However, the bulls have failed to sustain the support levels of $4.6, $4.3, and $3.7. The downtrend could soon reverse given the recent market movements over the past few weeks and months.Price may go back to $4.00

Dash 2 Trade (D2T) token is selling fast

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