ApeCoin (APE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has added 0.92% to $3.95.
Moderately Volatile
InvestorsObserver gives ApeCoin a moderate volatility rank of 52, placing it in the top 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 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 favorable position going forward. With support around $3.79 and resistance set at $4.11. 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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