ApeCoin (APE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has fallen 2.92% to $4.84.
Moderately Volatile
InvestorsObserver gives ApeCoin a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.
The Volatility Gauge follows 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 in a good position going forward. With support near $4.49 and resistance at $4.99. This positions 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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