Data for Apecoin (APE) and Dogecoin (DOGE) show the tokens may go bullish in the short term. Everlodge is focused on the long-term to provide great rewards to presale investors.
Join the Everlodge presale and win a luxury holiday to the Maldives
Apecoin’s (APE) Bulls Need to Overcome Resistance at $1.52 to Rally
Apecoin (APE) rallied hard early this week to get a short-term bullish rating from InvestorsObserver. The token looked to benefit from the overall crypto market’s gain. However, Apecoin (APE) is still down by 1.20% for the week. It is trading at $1.49, at press time, after briefly touching $1.5348 a few minutes earlier.
Nevertheless, data from Santiment shows that Apecoin (APE) will do well for short-term investors to rally. Currently, Apecoin (APE) has a support level at $1.42, and psychological resistance at $1.52. Data shows that the token is trying to break through without success. However, if Apecoin (APE) succeeds, it will face technical resistance at $1.63.
If Apecoin (APE) fails, it could fall to $1.2 based on the Fibonacci extension levels. Furthermore, bulls could face exhaustion if Apecoin (APE) stays in the $1.4 – $1.5 zone for too long. This could give bears control over the market, and affect the price momentum.
Dogecoin (DOGE) Looks Bullish but is Tentative
Dogecoin (DOGE) is moving upward, much to the community’s delight. The token rallied alongside the crypto market earlier this week to record a 5%, followed by a 0.30% gain in the last 24 hours. Dogecoin (DOGE) is available at $0.06578, at press time. Analysts say this could be due to the positive break in the Greyscale vs. the SEC case.
Furthermore, Dogecoin’s (DOGE) price gain led to a liquidation of $1.88 million worth of short positions. Traders with short positions sold for cash, or other equal to avoid further losses with a sudden upward movement. Moreover, Dogecoin (DOGE) faced rejection at $0.6875. Nevertheless, the token is above the support level at $0.625.
Interestingly, data from Global In/Out of the Money (GIOM) shows that 52.04% of token holders are incurring losses. In such instances, the selling pressure could be high for Dogecoin (DOGE). If this happens, Dogecoin (DOGE) will turn bearish. However, if bulls overpower the selling pressure, Dogecoin (DOGE) can rally to $0.0773.
Everlodge (ELDG) Attracts Large Investors During the Presale
Everlodge is a property marketplace for users to co-own a vacation property on the blockchain. It will combine AirBnB and Web3 to provide unique opportunities to fractionally invest in vacation properties. Users can co-own a luxury villa, hotel, or vacation home by purchasing the relevant NFTs.
The global vacation rental market size is expected to grow at a CAGR of 4.7% from 2023 to 2030. As the asset value increases, the price of the NFTs will also increase, and benefit the user. Additionally, users can buy and sell their NFTs in the Everlodge marketplace. Property developers can use the launchpad to raise capital for new ventures, and provide ROI to investors.
Moreover, ELDG token holders can stake their shares to earn a fixed passive income every month. Users can also get fixed free night stays at the properties. They can redeem the stays or sell them on third-party platforms. The Everlodge team has completed the KYC check, and the platform has passed the audit by an independent firm.
The ELDG tokens are priced at $0.012. Participate in the presale, and be eligible for discounts, and rewards on the platform.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge