ApeCoin (APE) Surges 9% While Major Altcoins Bleed

• ApeCoin (APE) price surged more than 8.5% in the last 24 hours.
• The price APE is above the 50-day EMA, signaling a positive trend.

ApeCoin (APE), has managed to buck the prevailing bearish trend in the crypto market by soaring over 8.5% in the past 24 hours. While major cryptocurrencies are grappling with losses, ApeCoin has demonstrated substantial gains.

The token has been stealing the spotlight recently, as one of the top performers in the market. This unconventional cryptocurrency has defied convention, racking up impressive double-digit gains over the past week. ApeCoin price surged more than 12% in the last 7 days a week, coupled with a 7% increase over the past month.

Current Status of ApeCoin

At the time of writing, ApeCoin (APE) is trading at $2, with a 24-hour trading volume of $107 million over the last 24 hours. Moreover, the trading volume has surged 117%. This surge underscores the growing interest and activity surrounding ApeCoin within the crypto community.

ApeCoin’s (APE) daily price chart indicates that it is currently positioned above its 50-day Exponential Moving Average (EMA), a positive signal for investors. Moreover, the Relative Strength Index (RSI) is noted at 56.06, suggesting that the coin is neither overbought nor oversold, contributing to a healthy and sustainable price movement.

ApeCoin’s remarkable ascent against the backdrop of a broader crypto market downturn challenges conventional market sentiment. While the largest cryptocurrencies are either experiencing losses or consolidating, APE continues to captivate traders and investors.

Will ApeCoin (APE) price continue to rise? Share your thoughts with us by tweeting @The_NewsCrypto.

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