ApeCoin (APE) Rockets 100% After ApeChain Debut – Analysts Weigh In
APE’s price doubled this week. The jump came right after ApeChain launched and APE staking began. The token’s RSI hit 78, showing heavy buying. Also Read: Goldman Strategists Declare End to Decade of US Stock Market Gains Analysts Predict ApeCoin’s Future After ApeChain’s Successful Launch Big Investors Pull Back Source: Santiment Large holders are selling their APE. Wallets holding 1-10 million APE fell from 175 to 166 last month. This shows that big investors don’t trust the current price rise, even after ApeChain’s launch. Warning Signs Source: TradingView The RSI shot up from 35 to 78 quickly. This fast rise means APE might be overvalued right now. Many traders expect prices to drop soon. Also Read: Cryptocurrency: Meme Coin Hunters on the Rise, Turns $296 to $620,000 Key Price Points Source: TradingView APE needs to break past $1.82 and $2.07 to keep rising. It has support at $1.10 and $0.94. If prices fall below these points, APE could drop to $...