As ApeCoin [APE] metrics surge, should investors wait for an upward trend

ApeCoin experienced a surge in 24-hour active addresses and network growth, suggesting potential for price growth. Despite the positive metrics, trading volume showed little signs of increased activity. The sudden increase in certain metrics for ApeCoin [APE] caught many off-guard, especially since there had been no significant activity for quite some time. In 2022, ApeCoin […]

also experienced a surge, reaching a level that had not been observed in quite some time. The metric shot up by more than 1,000, suggesting an influx of new addresses joining the ApeCoin network.‘s activity, as evidenced by an increase in user token balances. This development indicated that retail investors were becoming more interested in ApeCoin, which may be a promising sign of a potential price surge.

It’s worth noting that the long and short Moving Averages appeared above the price trend, serving as the token’s resistance zone. However, there was also a possibility of a death cross, which could indicate a bearish trend.The recent increase in ApeCoin’s network growth and active addresses suggested that there was potential for price growth at press time. However, this possibility would be more robust if there were a convergence between these metrics and the trading volume.

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