{"id":573258,"date":"2024-09-05T15:54:09","date_gmt":"2024-09-05T15:54:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=573258"},"modified":"2024-09-05T15:54:09","modified_gmt":"2024-09-05T15:54:09","slug":"apes-price-prediction-apes-plummets-5-as-traders-turn-to-this-olympics-themed-token-before-it-lists","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/apes-price-prediction-apes-plummets-5-as-traders-turn-to-this-olympics-themed-token-before-it-lists","title":{"rendered":"Apes Price Prediction: APES Plummets 5% As Traders Turn To This Olympics-Themed Token Before It Lists"},"content":{"rendered":"

The Apes price has plummeted 5% in the last 24 hours to trade at $0.02194<\/a> as of  7:15 a.m. EST on a 24% drop in trading volume to $6.4 million.<\/p>\n

The Apes Price Bulls Signal A Breakout Above The Symmetrical Triangle<\/h2>\n

The chart of the APES\/USD pair on a 1-hour timeframe reveals a symmetrical triangle pattern formed by a bearish trendline and a rising support line, indicating a potential breakout.<\/p>\n

The symmetrical triangle pattern indicates the price between the bearish trendline, which acts as resistance, and the rising support line, suggesting a consolidation phase.<\/p>\n

The current price is approximately $0.02167, reflecting a slight decline of about 0.97%.<\/p>\n

\"Apes<\/p>\n

APESUSD Analysis  Source: Dextools.io<\/p>\n

The 50 Simple Moving Average (SMA) is trading around $0.0226, indicating that the price is slightly below this short-term moving average, pointing towards mild bearish sentiment.<\/p>\n

Meanwhile, the 200 SMA is near the current price at around $0.02197, placing the price at a critical point.<\/p>\n

The Moving Average Convergence Divergence (MACD) is currently in negative territory, with the MACD average line below the signal line, indicating ongoing bearish momentum.<\/p>\n

The Relative Strength Index (RSI ) stands at 45.11, reflecting a neutral position, meaning the market is neither overbought nor oversold.<\/p>\n

Apes Price Prediction<\/h2>\n

There is a strong potential for the price to break above the upper trendline if the buying momentum continues. A bullish breakout could target a price of around $0.040, representing a significant upside move.<\/p>\n

Conversely, if the price breaks below the rising support line, it could signal further bearish pressure, with the next key level of support around $0.015.<\/p>\n

This suggests that while the market is currently indecisive, the next breakout direction will set the stage for the subsequent price movement, making it crucial for traders to watch these critical levels closely.<\/p>\n

Last Chance: Limited Time To Buy The Meme Games Token Before Its Presale Ends<\/h2>\n

The uncertainty over the direction of the APES price might prompt investors to explore alternative options like The Meme Games (MGMES<\/a>), which has already raised over $419K in its presale.<\/p>\n

Influential crypto analyst and Youtuber Crypto Gains, with over 139k subscribers, says that MGMES has the potential to post huge returns once it launches.<\/p>\n