ApeCoin (APE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has lost 7.12% to $4.25.
Moderately Volatile
InvestorsObserver gives ApeCoin a moderate volatility rank of 48, placing it in the bottom 48% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
APE’s moderate volatility reading pairs 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 in a good position going forward. With support at $4.06 and resistance near $4.35. 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.
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