Tumbling to an all-time low, Apecoin price came within a whisker of losing the $1 support level on October 9, 2023. But since then APE token has rebounded 45%, as it hovers around $1.45 at press time on Friday, November 24.

A deeper inquest into the underlying on-chain data trends suggest that resilience shown by Apecoin long-term investors has been pivotal to the price recovery this month.

According to IntoTheBlock, there has been a positive trend divergence between the number of long-term and short-term holder APE addresses.

The Addresses by Time Held chart below shows that the number long-term addresses increased by 6,060 wallets since the start of November. Meanwhile, the Apecoin network recorded 3,800 fewer number of trader/short-term wallets during that period. #ApeBond #ApeCoinAdventure