ApeCoin (APE) Rises 5.75%, Outperforms the Crypto Market Wednesday

ApeCoin (APE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 5.75% to $3.44.

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 follows which means that one day won’t define its volatility rank – a trend will.

APE’s moderate volatility reading is coupled 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 trading above resistance. With support set at $2.99 and resistance near $3.39. This positions ApeCoin out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.

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