thenewscrypto.com
- ApeCoin (APE) price surged more than 8.5% in the last 24 hours.
- The price APE is above the 50-day EMA, signaling a positive trend.
ApeCoin (APE), the meme-inspired cryptocurrency, has managed to buck the prevailing bearish trend in the crypto market by soaring over 8.5% in the past 24 hours. While major cryptocurrencies are grappling with losses, ApeCoin has demonstrated substantial gains.
ApeCoin (APE) has been stealing the spotlight recently, joining the ranks of other meme coins such as Shiba Inu (SHIB) and Pepe (PEPE) as the top performers in the market. These unconventional cryptocurrencies have defied convention, racking up impressive double-digit gains over the past week. ApeCoin price surged more than 12% within a week, coupled with an 7% increase over the past month.
Current Status of ApeCoin
At the time of writing, ApeCoin (APE) is trading at $2, with a 24 hours trading volume of $107 million over the last 24 hours, climbing 117%. This surge in trading volume underscores the growing interest and activity surrounding ApeCoin within the crypto community.
ApeCoin’s (APE) daily price chart indicates that the meme coin is currently positioned above its 50-day Exponential Moving Average (50EMA), a positive signal for investors. Moreover, the Relative Strength Index (RSI) is noted at 56.06, suggesting that the coin is neither overbought nor oversold, contributing to a healthy and sustainable price movement.
ApeCoin’s remarkable ascent against the backdrop of a broader crypto market downturn challenges conventional market wisdom. While the largest cryptocurrencies are experiencing losses, the meme coin continues to captivate traders and investors. Also, showcasing the unique performance in the crypto landscape.