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The crypto whale tracking website, WhaleStats, tweeted this morning that ApeCoin (APE) was one of the most used smart contracts in the last 24 hours among the top 100 Ethereum (ETH) whales.
JUST IN: $APE @apecoin one of the MOST USED smart contracts among top 100 #ETH whales in the last 24hrs🐳
— WhaleStats (tracking crypto whales) (@WhaleStats) March 6, 2023
We've also got $UNI, $SHIB, #0x0, $MATIC & $LINK on the list 👀
Whale leaderboard: https://t.co/N5qqsCAH8j#APE #whalestats #babywhale #BBW pic.twitter.com/IIDBtfaSfd
In the tweet, Whale Stats added that Uniswap (UNI), Shiba Inu (SHIB), 0x0, Polygon (MATIC) and Chainlink (LINK) have also made the list in the last 24 hours.
At press time, the price of APE has fallen 0.45% over the last 24 hours according to CoinMarketCap. It has also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 0.58% and 0.11% respectively. As a result, APE’s price currently stands at $4.81.
Trading volume for the altcoin dropped slightly in the last 24 hours as well. Currently, the daily trading volume for APE stands at $72,426,213 following a 10.21% drop.
APE’s price rebounded off of the key support level at $4.610 over the last 4 days. Yesterday, APE’s price attempted to challenge the 9-day EMA line but was unable to do so, only setting a daily high at $4.909.
This rebound can also be seen in the daily Relative Strength Index (RSI) indicator. The daily RSI line saw its slope change from negative to positive between Saturday and Sunday.
Traders may want to wait for APE’s price to close above the 9-day EMA level before determining a long position entry for the altcoin.
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