Here Is Why ApeCoin (APE) Price Could Correct Even Further

BE[IN]CRYPTO11-05

ApeCoin (APE) shows potential for further losses, with negative MVRV and low RSI, signaling weak buying interest. APE’s 7-day MVRV at -8.79% suggests undervaluation but could dip further before ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481226559?lang=en_US&edition=fundamental","thumbnail":"https://beincrypto.com/wp-content/uploads/2024/06/bic_Apecoin_2-covers_bearish-850x478.jpg.optimal.jpg","is_english":true,"pubTime":"2024-11-05 03:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481226559","market":"us","top_or_hot":-1,"title":"Here Is Why ApeCoin (APE) Price Could Correct Even Further","media":"BE[IN]CRYPTO","content":"<div>\n<p>ApeCoin (APE) shows potential for further losses, with negative MVRV and low RSI, signaling weak buying interest.\nAPE’s 7-day MVRV at -8.79% suggests undervaluation but could dip further before ...</p>\n\n<a href=\"https://beincrypto.com/apecoin-ape-price-correct-further/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Is Why ApeCoin (APE) Price Could Correct Even Further</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Is Why ApeCoin (APE) Price Could Correct Even Further\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 03:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/apecoin-ape-price-correct-further/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ApeCoin (APE) shows potential for further losses, with negative MVRV and low RSI, signaling weak buying interest.\nAPE’s 7-day MVRV at -8.79% suggests undervaluation but could dip further before ...</p>\n\n<a href=\"https://beincrypto.com/apecoin-ape-price-correct-further/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://beincrypto.com/apecoin-ape-price-correct-further/","article_id":"2481226559","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/06/bic_Apecoin_2-covers_bearish-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481226559","pubTimestamp":1730746800,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"ApeCoin  shows potential for further losses, with negative MVRV and low RSI, signaling weak buying interest.APE’s 7-day MVRV at -8.79% suggests undervaluation but could dip further before hitting a rebound zone.The formation of a death cross in APE’s EMA lines hints at intensified selling pressure and possible deeper corrections.ApeCoin  faces strong downward pressure, with several indicators signaling potential further declines. The 7-day MVRV suggests recent buyers are mostly at a loss, which hints at undervaluation but leaves room for additional downside.The RSI remains low yet hasn’t entered oversold territory, indicating that selling pressure may continue before any rebound. Additionally, the EMA lines have formed a bearish death cross, suggesting APE’s price could either test deeper support levels or, if momentum shifts, aim for a recovery toward key resistance points.Read more: ApeCoin : Everything You Need To Know. APE’s EMA lines are forming a bearish “death cross,” with short","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","APE":"AMC Entertainment Preferred"},"translate_title":"这就是为什么ApeCoin(APE)价格可能会进一步调整","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APE":1},"content_text":"ApeCoin (APE) shows potential for further losses, with negative MVRV and low RSI, signaling weak buying interest.\nAPE’s 7-day MVRV at -8.79% suggests undervaluation but could dip further before hitting a rebound zone.\nThe formation of a death cross in APE’s EMA lines hints at intensified selling pressure and possible deeper corrections.\n\nApeCoin (APE) faces strong downward pressure, with several indicators signaling potential further declines. The 7-day MVRV suggests recent buyers are mostly at a loss, which hints at undervaluation but leaves room for additional downside.\nThe RSI remains low yet hasn’t entered oversold territory, indicating that selling pressure may continue before any rebound. Additionally, the EMA lines have formed a bearish death cross, suggesting APE’s price could either test deeper support levels or, if momentum shifts, aim for a recovery toward key resistance points.\nAPE MVRV Shows An Important Threshold\nAPE’s 7-day MVRV is currently at -8.79%, suggesting that most holders who bought within the past week are at a loss. A negative MVRV typically indicates that assets are undervalued, as holders are generally in the red, which sometimes leads to a price rebound as selling pressure decreases. \nThis level of negative MVRV implies that APE price could be approaching a bottom, as lower MVRV values often signal a potential buying opportunity.\nRead more: ApeCoin (APE): Everything You Need To Know\nAPE 7D MVRV. Source: Santiment\nThe 7-day MVRV (Market Value to Realized Value) measures short-term profitability by comparing the current price to the average cost basis of assets purchased over the last seven days. Historically, APE has rebounded when its 7-day MVRV dropped below -9.2%, meaning further correction is possible before a recovery. \nWhile the current MVRV is close to this threshold, it suggests that APE’s price could still dip a bit more before hitting a level that has previously triggered upward momentum.\nApeCoin RSI Is Not Oversold Yet\nAPE’s RSI is currently at 36.29, indicating a relatively low level of momentum and signaling that selling pressure has been dominant. RSI, or Relative Strength Index, is an indicator used to assess whether an asset is overbought or oversold. \nValues below 30 generally suggest an oversold condition, while values above 70 indicate an overbought state.\nAPE RSI. Source: TradingView\nAlthough APE’s RSI is low, it hasn’t reached the oversold threshold yet, suggesting that there may still be room for further downside. \nThis level hints at weakness in buying interest, and without an oversold reading, the likelihood of an immediate rebound remains uncertain. Consequently, APE’s price correction may continue before any potential reversal occurs.\nAPE Price Prediction: A Further 24.5% Correction?\nAPE’s EMA lines are forming a bearish “death cross,” with short-term EMAs crossing below the long-term EMAs. This formation is typically a strong bearish signal, suggesting that downward momentum may intensify as sellers gain control. \nA death cross often indicates that the current downtrend could continue, placing additional pressure on APE’s price.\nRead more: ApeCoin (APE) Price Prediction 2024/2025/2030\nAPE EMA Lines and Support and Resistance. Source: TradingView\nWith APE already down roughly 10% in the last 24 hours, the continuation of this downtrend could lead to a test of support at $0.68, which would imply a further 24.5% price correction. \nOn the other hand, if buying interest emerges and the trend reverses, APE could attempt to break resistance at $1.14, offering a potential 25% upside. The direction of the next move will likely depend on whether APE can maintain current support or attract new buyers.\n\n\n\n\nTop crypto platforms | October 2024\n\n\n\nAlgosOne\nExplore\n                      \n\n\n\n\n\nBYDFi\nNo KYC \n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\nСoinex\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto platforms | October 2024\n\n\nAlgosOne\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex\n\n\n\n\n\n\n\n\nСoinex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481226559"}