Brief Analysis ——APE
Today we selected 3 NFT-related tokens which have listed on Binance. They are APE, RARE and BNX.
The fall in early June made bears to cover all gains from November 2022. During the fall, bulls lagged behind bears. The high point of the rebound was suppressed below the red dotted line. If you often read our brief analysis, you will find that the rebound of APE in mid-June was significantly weaker than that of other tokens. Perhaps it is more appropriate to define it as a fluctuation. It completely failing to recover the losses of the single day on Jun.10. The price approached the lows after bears strengthening. After fluctuating for half a month, the price fell again. The power of bulls and bears is decaying and volatility become low.
Conclusion: Mostly falling. APE remains bearish on a large scale and the bulls has not strengthened. So we think APE has the potential to generate a new ATL until the bulls strengthen. We set the resistance level at 2.30 and the support level at 1.85. The support level does not provide strong bullish strength.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The fall in early June made bears to cover all gains from November 2022. During the fall, bulls lagged behind bears. The high point of the rebound was suppressed below the red dotted line. If you often read our brief analysis, you will find that the rebound of APE in mid-June was significantly weaker than that of other tokens. Perhaps it is more appropriate to define it as a fluctuation. It completely failing to recover the losses of the single day on Jun.10. The price approached the lows after bears strengthening. After fluctuating for half a month, the price fell again. The power of bulls and bears is decaying and volatility become low.
Conclusion: Mostly falling. APE remains bearish on a large scale and the bulls has not strengthened. So we think APE has the potential to generate a new ATL until the bulls strengthen. We set the resistance level at 2.30 and the support level at 1.85. The support level does not provide strong bullish strength.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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