0.1676 USD for $APE, do you want to chase it?

Yuga Labs has changed its CEO, soaring 80% in a single day, ApeChain officially launched, whales making a cool $700k amid insider trading suspicions— but do you know? Just 4 hours ago, it jumped from 0.14 to 0.179, a 25% increase, RSI 6 directly hit 92.98, overbought to grandma’s house.

First look at the surface: the rise is fierce, but the rise is crazy.

In the past 24 hours, APE increased by 18.8%, in a week by 61.3%, trading volume surged by 184%, with $272 million rolling around inside. But don’t celebrate too early—4 hours up 25%, RSI 92.98, what does this mean? It’s like hitting the brakes to the bottom and flooring the accelerator to the top. The technicals are saying: it’s too hot, it needs to cool down.

First thing: changing the CEO, and the market goes crazy.

On April 24, Yuga Labs announced new CEO Michael Figge, the former Chief Product Officer, as the new head. The market immediately interpreted this as “BAYC ecosystem to be revitalized,” with APE soaring 80-88% in a single day.

Second thing: ApeChain is really landing, APE finally has a use.

Previously, the worst criticism of APE was “useless,” just a governance token with no real utility. Now with ApeChain Layer 3 launched, APE is a gas token with a burn mechanism. This is indeed a key step from pure air to practicality. But the question is—are there people on ApeChain? NFT floor prices are still ankle-deep, and the metaverse narrative has been cold for how long?

Third thing: whales are on board, where are you?

On-chain data shows that before the surge, large wallets bought precisely, making over $700k in 24 hours. On Twitter, everyone’s complaining about “insider trading,” but complaints aside, the fact is big funds have already laid out. You need to think: are they here just to pump and run, or to ride the entire wave?

On one side: changing CEO, chain landing, whales entering, trading volume exploding.

On the other side: RSI 92.98 overbought, NFT floor prices low, and deep 99.4% in trapped positions.

Key level: 0.15, the last bottom line for bulls and bears.

If you’re a short-term trader: don’t chase near 0.167, wait for a pullback to 0.155-0.158 to buy, target 0.20-0.21, and if it breaks below 0.13, just get out. After an 80% rise, a 20% correction is normal.

If you’re a long-term investor: now is not your entry point. Whether Yuga’s new CEO can deliver real results, or if the Q3 Ape Accelerator can make a move, these are the signals you should wait for.

The biggest trap in this rally isn’t the drop, but rushing in after a sharp rise and realizing you’re the last to buy in.

APE dropped from 26.7 to 0.1, a 99.4% decline, how many people’s life savings got caught? Now it’s up 80%, do you think the bull market is back? #加密市场小幅下跌 $APE