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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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#APE# As of this writing, APE’s 30-day MVRV ratio is -15.57%. Historically, when the ratio is between -22% and -11%, ApeCoin’s price bounces; therefore, APE will likely keep trading higher. APE’s decline has led to the formation of a falling wedge, a bullish reversal chart pattern. It appears when the price action creates two converging trendlines: one connecting the lower highs and the other connecting the lower lows. As seen below, ApeCoin’s price appears ready to retest at $0.48.
If validated, APE’s value might climb toward $0.83, where the 0.236 Fibonacci level positions. This value might climb as high as $1 in a highly bullish scenario.