IS $APE DEAD? 🚨 DDA Indicator Disagree! 👇
ApeCoin has finally shown some positive indicators, suggesting a potential price rally! If you remember, on January 25 APE's price fell below $1, indicating so a possible correction. However, as of January 28, the price rebounded to $0.96, marking a 14% increase within 48 hours. Currently is testing the resistance of 0.963-0.991 (area) and trading above the 0.236 Fibonacci level.
In my opinion, APE is showing signs of a shift from bearish to a bullish momentum. A breakout above $0.991, might lead its price to $1.067. In this regard, there is also a positive divergence (DDA) of 26% which means that user engagement is getting stronger. The DDA indicator compares the relationship between a crypto asset's price and the number of unique addresses actively engaging with it daily! When DDA is positive, it suggests genuine user interest and adoption!
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