![ApeCoin [APE] breaks even as BAYC robbery cases persists](https://i.headtopics.com/images/2023/1/24/cryptoamb/apecoin-ape-breaks-even-as-bayc-robbery-cases-pers-apecoin-ape-breaks-even-as-bayc-robbery-cases-pers-1617712041627713538.webp)
BAYC holder raised alarm over increasing cases of exploitation. APE buyers and sellers struggled for market control. After an earlier report on 20 January, another Bored Ape Yacht Club [BAYC] NFT was the victim of OpenSea’s stolen policy. According to the sixth largest BAYC holder, FranklinIsbored, one of his collections had been marked for suspicious […]
The BAYC holder also pointed out that it was not the first time that he alerted the OpenSea team. On 20 January, he
about how he could not sell one of his NFTs despite OpenSea collection of fees. This condition implied that someone had surely abused the marketplace’s policy to himself., maintained its uptick. In the last 24 hours, APE had registered a 4.90% increase in value. At the time of writing, the daily chart showed that APE’s volatility was extremely high. This was shown by the Bollinger Bands .
While the bands expanded, the APE price went further by repeatedly touching the upper band. Since this was the case, the BB state indicated an overbought signal. Hence, there was a possibility for a price reversal. Additionally, the Moving Average Convergence Divergence , showed that APE buyers were in control of the market. However, the sellers were on their heels since the orange dynamic line was close to the blue line.
But the MACD was in greens and over the zero-histogram point. This indicated a bullish momentum unless the buying power falters.In light of the occurrence, ApeCoin jumped into the top smart contract tokens used by Ethereum [ETH] whales. According to WhaleStats, the top 500 ETH whales highly considered the APE utility.
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ApeCoin reaches 4-month highs but this decisive resistance was yet unbrokenDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure and momentum favored the bulls. Given the significance of the imminent resistance, a breakthrough on the first attempt could be unlikely. ApeCoin has performed well in recent weeks, and a breakout past […]
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