🔥🚨 Here Is Why ApeCoin (APE) Price Could Correct Even Further
APE EMA Lines and Support and Resistance. Source: TradingView
ApeCoin shows bearish signals with 7-day MVRV at -8.79% and RSI at 36.29. Death cross formation on EMAs suggests continued downward pressure. Price already down 10% in 24 hours.
Quick Take: Current price level has historically attracted strong buying interest. Similar setups in the past led to average bounces of 25-30%. The safest approach is waiting for a daily close above $1.14 before entering. Keep position sizes small as APE tends to move aggressively in both directions.