$APE at $0.155, dare to chase?


Almost several months around one cent, everyone thought this was dead.
But today, a big green candle, jumping straight from $0.10 to $0.18, a 70% increase, trading volume soared from tens of millions to 1.1 billion, who is actually buying? Can this old NFT coin still rise?
First, look at the surface: a brutal surge, crazy FOMO.
In the last 24 hours, APE from the dead zone of $0.10-$0.11 jumped directly to $0.16-$0.18, reaching a high of $0.26. A large daily candle with high volume broke through, RSI hit 86, MACD golden cross, all indicators are soaring, keep moving forward! Those who entered are already trapped at the peak of $0.26.
First thing: Yuga Labs replaces the CEO.
Former CPO Michael Figge is promoted to CEO, co-founder becomes chairman. The new leader immediately took three big steps, the first step was appearing on podcasts and roadshows, using a new wallet with leverage to buy 9.19 million APE, earning $710,000 in a day. Some say this is insider info, others say genius.
Second step: settlement of lawsuits, burdens lifted.
Yuga Labs regained smart contracts, remaining domains, and NFTs, finally resolving disputes with RR/BAYC. The issue of clean historical inheritance is settled, allowing the new CEO to work freely.
Third step: ApeChain is operational.
Daily transaction volume is 1.2 million, approaching Polygon and Arbitrum levels. The Otherside metaverse uses APE for payments, AI tools for creation also use APE, game assets also use APE. This is no longer just an NFT coin airdropped in 2022; now it’s the fuel for a chain.
On one side, there’s the new officials, ApeChain running, lawsuit settled, FOMO community.
On the other side, RSI is very overbought, some are taking profits at high positions, controversy over token economics, total supply of 1 billion that can be dumped into the market at any time.
Key support/resistance level at $0.15, this is the line between bullish and bearish.
If you’re a short-term trader: wait until it returns to around $0.15 before entering, target $0.20-$0.22, stop loss at $0.135.
If you’re a long-term investor: see how long the new CEO can hold on. TVL data and daily activity on ApeChain are real, hold on; if it’s just nonsense, then just exit.
This rise is a resonance from news triggering FOMO, recharging FOMO, and technical breakthroughs.
But remember: what will hurt you the most isn’t trash coins, but “star” coins you chase with FOMO and get left behind at the top.
Those brave enough to jump have already eaten the meat, those who haven’t wait until it comes back. #加密市场行情震荡 $APE
APE-4,89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin