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The Apes price has plummeted 5% in the last 24 hours to trade at $0.02194 as of 7:15 a.m. EST on a 24% drop in trading volume to $6.4 million.
The Apes Price Bulls Signal A Breakout Above The Symmetrical Triangle
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.
The symmetrical triangle pattern indicates the price between the bearish trendline, which acts as resistance, and the rising support line, suggesting a consolidation phase.
The current price is approximately $0.02167, reflecting a slight decline of about 0.97%.
APESUSD Analysis Source: Dextools.io
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.
Meanwhile, the 200 SMA is near the current price at around $0.02197, placing the price at a critical point.
The Moving Average Convergence Divergence (MACD) is currently in negative territory, with the MACD average line below the signal line, indicating ongoing bearish momentum.
The Relative Strength Index (RSI ) stands at 45.11, reflecting a neutral position, meaning the market is neither overbought nor oversold.
Apes Price Prediction
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.
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.
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.
Last Chance: Limited Time To Buy The Meme Games Token Before Its Presale Ends
The uncertainty over the direction of the APES price might prompt investors to explore alternative options like The Meme Games (MGMES), which has already raised over $419K in its presale.
Influential crypto analyst and Youtuber Crypto Gains, with over 139k subscribers, says that MGMES has the potential to post huge returns once it launches.
The Meme Games introduce an Olympic-style competition to the realm of meme coins, featuring iconic internet memes such as Dogecoin, Pepe, Dogwifhat, Brett, and Turbo vying for crypto dominance.
Investors can back one of these five meme characters in a virtual competition by purchasing MGMES tokens. If your chosen meme wins, as determined randomly through blockchain technology, you’ll receive a 25% bonus on your initial investment.
Time’s ticking! ⏳ Only 3 days left until the Meme Games presale ends!
Choose your meme champion and secure a 25% bonus if they win before the #Presale closes! 🔐
Hurry, the clock stops on September 8th at 10 AM UTC! 🔥
Join now! 👉 https://t.co/6oUlx6rUVU pic.twitter.com/qji1kKwmpr
— The Meme Games (@MemeGames2024) September 5, 2024
Additionally, you can increase the chances of winning by making multiple purchases of MGMES tokens, with no minimum buy requirements. This flexibility allows for strategic plays by spreading out investments.
MGMES tokens can also be staked for an annual percentage yield of 460% with over 21 million MGMES tokens already staked.
The Meme Games presale ends on September 8, coinciding with the final day of the Paris Paralympics. This will be followed by the token claim and DEX launch on September 10.
There is still an opportunity to buy MGMES at $0.0094, using ETH, USDT, BNB, or credit card through the official website’s buy widget. But do not take too long as the price will increase in less than 18 hours.
Buy MGMES tokens here before its presale ends.
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