{"id":18410,"date":"2023-02-26T19:22:53","date_gmt":"2023-02-26T19:22:53","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/26\/apecoin-ape-price-under-threat-as-sell-pressure-intensifies\/"},"modified":"2023-02-26T19:22:53","modified_gmt":"2023-02-26T19:22:53","slug":"apecoin-ape-price-under-threat-as-sell-pressure-intensifies","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/26\/apecoin-ape-price-under-threat-as-sell-pressure-intensifies\/","title":{"rendered":"ApeCoin (APE) Price Under Threat As Sell Pressure Intensifies"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/apecoin-ape-price-sell-pressure\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><a href=\"https:\/\/coingape.com\/tag\/apecoin\/\">ApeCoin<\/a> is a comparatively new cryptocurrency, having solely been launched within the yr 2021. However, throughout this comparatively temporary time frame, the <a href=\"https:\/\/coingape.com\/glossary\/nft-non-fungible-token\/\">NFT<\/a>-based token has been on a roller-coaster journey within the <a href=\"https:\/\/coingape.com\/markets\/\">crypto market<\/a>, reaching new heights whereas concurrently testing decrease lows. Currently, the <a href=\"https:\/\/coingape.com\/price\/apecoin\/\">price of Apecoin (APE)<\/a> is flashing bearish indications attributable to brewing promote strain.<\/p>\n<h2>APE\u2019s Bearish Outlook<\/h2>\n<p><span id=\"inputElements~8e2d458b0b606bc7\" class=\"MuiTypography-root MuiTypography-inherit css-1uk1gs8\">According to on-chain market information, there have been verified claims that time in direction of an tackle \u201c0x4BE5\u201d transferring near 463,137 APE over to <a href=\"https:\/\/coingape.com\/blog\/binance-exchange-review\/\">Binance exchange<\/a>.<\/span><span id=\"inputElements~3d6b0f03421a140f\" class=\"MuiTypography-root MuiTypography-inherit css-1uk1gs8\"> At the present value, this interprets to a price higher than $2.3 billion. This current APE switch sheds mild on the prospect of incoming promoting strain, which has the potential to drive down the worth of APE within the coming days.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><strong><em>Read More:\u00a0<a href=\"https:\/\/coingape.com\/defi-lending-platforms\/\" target=\"_blank\" rel=\"noopener\">Check Out The Top 10 DeFi Lending Platforms Of 2023<\/a><\/em><\/strong><\/p>\n<p>Not solely this, however even APE\u2019s technical indicators reveal proof of bearish inclination because it factors out that sellers are presently accountable for the worth. As summarised by the <a href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\" target=\"_blank\" rel=\"noopener\">moving averages<\/a>, APE\u2019s technical (TA) indicators at CoinGape\u2019s value tracker suggest a promote place, the place it suggests \u201csell\u201d at degree 11 and a \u201cbuy\u201d at degree 5.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-140583\" alt=\"\" width=\"1346\" height=\"704\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/26225309\/Screenshot-2023-02-26-225045.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-140583\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/26225309\/Screenshot-2023-02-26-225045.png\" alt=\"\" width=\"1346\" height=\"704\"\/><\/noscript><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2>Weak Technical Indicators<\/h2>\n<p>Moreover, additional bearish indicators emerged when the <a href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">relative strength index (RSI)<\/a> for APE fell under the impartial worth. On the opposite facet, the gap between the 20-day Exponential Moving Average (EMA) and the 55-day EMA decreased, which confirmed that the bears had been poised to take management of the market. During this era, APE\u2019s trade influx additionally jumped dramatically on a number of events previously few days, which is one other indication of rising promoting strain.<\/p>\n<p>In addition, based on Crypto Tony, a <a href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\">cryptocurrency<\/a> skilled, the worth of APE wants to show the availability zone at $5.35 right into a help degree earlier than there may be any <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1629860499587489793\">possibility<\/a> of finishing up an extended place for the <a href=\"https:\/\/coingape.com\/glossary\/altcoins\/\">altcoin<\/a>. This appears to be the one situation below which such a chance exists.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-140584\" alt=\"\" width=\"2098\" height=\"1068\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/26230741\/Fp5tQSZaEAI6DnI.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-140584\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/26230741\/Fp5tQSZaEAI6DnI.jpeg\" alt=\"\" width=\"2098\" height=\"1068\"\/><\/noscript><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>As issues presently stand, the worth of Apecoin (APE) is presently buying and selling at $5.11 which represents a rise of 1.41% over the previous 24 hours, in distinction to a decline of 9.50% over the past seven days, at press time.<\/p>\n<p><em><strong>Also Read:\u00a0<a title=\"New AI Product Sparks Optimism For Hedera; Is HBAR Price Eyeing $1?\" href=\"https:\/\/coingape.com\/hbar-crypto-news-hedera-price-ai-app\/\" target=\"_blank\" rel=\"bookmark noopener\">New AI Product Sparks Optimism For Hedera; Is HBAR Price Eyeing $1?<\/a><\/strong><\/em><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA140579\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Pratik has been a crypto evangelist since 2016 &amp; been via nearly all that crypto has to supply. Be it the ICO increase, bear markets of 2018, Bitcoin halving to until now &#8211; he has seen all of it.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD140579\">\n<p>  The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/apecoin-ape-price-sell-pressure\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] ApeCoin is a comparatively new cryptocurrency, having solely been launched within the yr 2021. However, throughout this comparatively temporary time frame, the NFT-based token has been on a roller-coaster journey within the crypto market, reaching new heights whereas concurrently testing decrease lows. Currently, the price of Apecoin (APE) is flashing bearish indications attributable to 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