highlighted a large positive value on the MVRV ratio and noted diminishing returns from staking APE. Even so, public sentiment remained positive. At press time, the price reached a level of resistance from September. What can we expect in the coming weeks?Source: APE/USDT on TradingView
Hence it was unlikely that APE would break out above this level on its first try. A rejection at $6, followed by a pullback to the $5.3-$5.5 area was more likely. This could also force lower timeframe bears into a false sense of security while giving bulls some time to lock in profits and prepare for the next march northward.
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