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Apecoin’s rejection from $9.5 level says this for its short-term technical view
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceBitcoin faced some resistance at the $30.8k level as it formed a hidden bearish divergence with a momentum indicator on a higher timeframe, and the price of BTC slipped beneath the $30k mark once again.
This caused altcoins to begin to face selling pressure as well. ApeCoin saw significant demand in recent days from the $5.5 lows, and the bulls were fighting for control of the $8 area at press time.Source: APE/USDT on TradingViewBased on APE’s move from $17.65 to $11.77 earlier this month, a set of Fibonacci retracement and extension levels (yellow) was plotted.
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