Reasons why ApeCoin [APE] holders can be bullish in the near term

APE registered unprecedented growth over the last week Exchange outflow spiked RSI and CMF were in support of a further price hike ApeCoin’s [APE] recent price action caught the eyes of many as it outperformed its contemporaries with a higher market capitalization. APE registered over 27% weekly growth and, at press time, it was trading […]

’s exchange outflow spiked quite a few times over the last week, which is a bullish signal for an asset.

The token’s network growth also noted an increase. Thus, increasing the possibility of a continued price hike.Well, APE’s popularity was proven yet again as its daily active addresses increased over the week, and so did its daily transaction volume in profit.revealed that APE’s volatility was considerably higher compared to the previous week, which, when coupled with the other metrics, painted a strongly bullish picture for the altcoin.

However, the Exponential Moving Average Ribbon indicated that the bears still had the upper hand in the market, as the 20-day EMA was below the 55-day EMA, which might cause trouble in the near term.Subscribe to get it daily in your inbox.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold SWOT: UBS identifies three structural reasons in favor of goldCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »

Ottawa Sooners cheer squad disbanded after text exchange with football team ownerThe Sooners cheerleading team disbanded in the aftermath of an \u0027offensive\u0027 text exchange with the team\u0027s new owner and football coach
Read more »

US-based crypto exchange BITFRONT announces closureBITFRONT, the crypto exchange based out of Palo Alto, California, has announced that it will cease all operations towards the end of the year. The exchange was initially launched as BITBOX in Singapore back in 2018, before rebranding and moving its headquarters to the United States in 2020. BITFRONT to initiate full closure in March 2023 […]
Read more »

'LOOK VS. THE SKILL': Ottawa cheer squad disbanded after text exchange with team ownerThe Sooners cheerleading team disbanded in the aftermath of an \u0027offensive\u0027 text exchange with the team\u0027s new owner and football coach
Read more »

Hey Detroit: What up doe?The Motown Museum, an historic jazz club, art displays and historic buildings are some of the many reasons to consider a trip to Detroit.
Read more »

FTX remains focus of 'active' investigation, Bahamas attorney general saysCollapsed cryptocurrency exchange FTX remains the subject of “an active and ongoing investigation” by Bahamian authorities, Bahamian Attorney General Ryan…
Read more »