您现在的位置是:Will ApeCoin sustain gains after an 11% jump? >>正文
Will ApeCoin sustain gains after an 11% jump?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛558人已围观
简介ApeCoin has risen by double digits in a single dayThe gains reflect a growing appetite for attractiv...
ApeCoin has risen by double digits in a single day
The gains reflect a growing appetite for attractively priced assets
APE has met resistance, and further gains will depend on the Fed’s action
The price of ApeCoin APE/USD pumped by more than 11% in 24 hours. The surge happens amid a growing appetite for cryptos after the latest slowdowns. Leading cryptocurrencies Bitcoin and Ethereum have added 3.23% and 4.30%, respectively.
Santiment data indicates that the 24-hour gains reflect a “buy the dip” sentiment. The recent fall in prices made the tokens attractive, which got buyers back into the market. But the key question now is, can the gains be sustained?
A Fed rate decision on Wednesday will be a key determinant of whether the market will stay bullish. On the one hand, inflation continues to run high despite cooling recently. That has sparked speculations that the Fed could aggressively hike rates to tame prices. The move will be a bearish trigger for most, if not all, cryptocurrencies.
On the flip side, the Fed is expected to sound less hawkish, preferring a gradual rate hike. The course of action is likely to be taken if the Fed fears an economic meltdown if it acts too fast. A less hawkish Fed will be a bull trigger for cryptocurrencies.
APE pumps ahead of FED decision
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPublic
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Buy APE with Public todayLike other cryptocurrencies, APE attracted dip buyers at the $4.6 bottom. The cryptocurrency trades at $5.8 following a buy-the-dip call.
Source – TradingView
A technical outlook shows ApeCoin has met resistance at $6.0. The cryptocurrency trades above all the moving averages strengthening a bull case. The MACD indicator is in the bull territory.
Concluding thoughts
We remain hesitant that the Fed decision will determine whether APE will sustain the gains. Having met resistance at $6.0, there could be a correction or consolidation as traders await the Fed decision.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/78482.html
相关文章
Why has STEPN (GMT) price risen by more than 320% in two weeks?
Will ApeCoin sustain gains after an 11% jump?With the majority of the altcoins seeing significant price gain lately, there is one by the name of...
阅读更多
Vechain is up 23%: here’s where to buy Vechain
Will ApeCoin sustain gains after an 11% jump?The live Vechain price today is approaching $0.08 with a 24-hour trading volume of $2.4 billion. The...
阅读更多
FTX CEO says firm will step in to help "stem contagion'
Will ApeCoin sustain gains after an 11% jump?The last few weeks have spelled nothing but bad news for cryptocurrencies. Amid the brutal price cra...
阅读更多
热门文章
最新文章
Solana (SOL/USD) price movement should worry buyers
I’m advising our users to move their Bitcoin to self
Ripple (XRP/USD) faces a potential collapse back to $0.30
CEX vs DEX tokens, which ones to get and why
Luna Foundation Guard Buys $230 Million Worth of Bitcoin
Biconomy price: BICO break and retest points to more upside