Bored Ape Sees 250% Surge in Daily NFT Sales After ApeStrategy Debut
Bored Ape Yacht Club Sales Surge: The Bored Ape Yacht Club (BAYC) has experienced a remarkable 250% increase in trading sales volume, reaching $1.9 million in just 24 hours, solidifying its position as a leading NFT collection in the market.
Impact of New NFT Strategies: The growth in Bored Ape sales is attributed to the launch of the Ape NFT strategy, which allows for direct purchases of Bored Apes and has led to increased trading volumes for other NFT collections like Moonbirds and Pudgy Penguins.
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Technical Analysis for APE
Technical Sentiment Analysis for ApeCoin (APE) As of , ApeCoin (APE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for APE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, APE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
ApeCoin (APE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0447 | 0.0746 | 0.106 | 0.136 | 0.167 | 0.197 | 0.229 |
| Fibonacci | 0.0746 | 0.0981 | 0.113 | 0.136 | 0.159 | 0.174 | 0.197 |
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