ApeCoin (APE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has declined 2.59% to $2.93.
Moderately Volatile
InvestorsObserver gives ApeCoin a moderate volatility rank of 50, placing it in the top 50% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
APE’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
ApeCoin price is favorably positioned going forward. With support at $2.75 and resistance near $3.09. This leaves ApeCoin with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.