ApeCoin (APE) has shown signs of recovery, recently breaking out of a descending channel pattern on its daily chart, sparking hopes for a bul
Traders should closely monitor the long/short ratios on key exchanges to assess any shifts in sentiment.has shown signs of recovery, recently breaking out of a descending channel pattern on its daily chart, sparking hopes for a bullish reversal.
Per the VPVR metric, the price hovered within a high-liquidity zone. This suggested that consolidation around the $0.7 to $0.87 range is highly probable in the near term. A breakdown below these EMAs could lead to a test of the previous support at $0.541—where buyers might look to step in again. Binance APE/USDT long/short ratio stood at 0.7928 to show that short positions slightly outweighed longs.
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