Metaverse mania? APE and MANA rally, but sustaining it will depend on...
, APE logged a double-digit rally of 14% in the last 24 hours. This, while MANA recorded a 9% hike over the same period.
A look at the crypto-asset’s Directional Movement Index seemed to confirm this. At press time, the Negative Directional Indicator line at 25.98 was positioned above the Positive Directional Indicator line at 16.24. This meant that the sellers’ strength exceeded that of the buyers as selling pressure overwhelmed buying momentum.Also, the altcoin’s Average Directional Movement Index line pegged in an uptrend at 27. This suggested that selling pressure has been very strong.
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