The failure of the NFT frenzy, ApeCoin ( APE) continues to shake its price.
APE, which has been losing value almost continuously since the NFT market lost its popularity, has recently approached the bottom level. APE, which has fallen by 4 percent in the last 24 hours, took the second place on the list of the biggest losers. The popular NFT coin, which is currently trading at $1.85, will hit its lowest value if it loses 6.50%.
ApeCoin (APE) chart analysis
APE, which managed to jump over 2 dollars in the past days, relieved its investor a little. But the star of a period that started to loosen with the indecision in BTC, is now finding buyers at $ 1.85. Approaching the bottom price, APE may decline to $1.60 and $1,169 if it fails to hold $1.73 as support.
A resurgence of the NFT frenzy or possible sharp rises in BTC could quickly push the APE price up. The resistance points that can be followed in this process are $1.96 – $2.19 – $2.35 and $2.524, respectively. With the break of $2.52, more voluminous increases can be observed in the short term.
