Apecoin hit a new low of $1.49 as the gaming token continued its swift descent despite the best efforts of bulls to prop up the price.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Buyers could spring a surprise based on short-term accumulation trend.hit a new low of $1.49 as the gaming token’s price continued its swift descent. Despite the best efforts of bulls to prop up the price from the $1.72 support level in early August, APE ultimately caved to the overall bearish sentiment in the market.
The series of lower highs and lower lows on the downtrend signaled that Apecoin is likely to retest the new resistance at $1.72 before continuing its free fall.
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