ApeCoin dangers one other huge selloff as APE drops 70% in two weeks — This is why By Cointelegraph

ApeCoin risks another massive selloff as APE drops 70% in two weeks — Here's why

ApeCoin dangers one other huge selloff as APE drops 70% in two weeks — This is why

A euphoric worth rally by ApeCoin (APE) seen in mid-March seems to be exhausted already because of the coin’s 70% drop in valuation up to now two weeks — and it could fall additional in April.

On the core of this bearish outlook is a rising wedge, a technical sample that types as the worth consolidates upward inside a spread outlined by two converging ascending trendlines.

every day worth chart that includes a ‘rising wedge’ setup. Supply: TradingView

APE provide chart. Supply: ChainPulse, Jarvis Labs

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