ApeCoin (APE) Down More Than 50% Since All-Time High

ApeCoin (APE) Down More Than 50% Since All-Time High: Biggest Weekly Losers

Yes[in]Crypto looked at the top five altcoins with the biggest declines over the past 7 days (more specifically, from April 30 to May 6).

These altcoins are:

Apecoin (APE): -40.24% Kava (KAVA): -31.20% STEPN (GMT): -30.75% Cronos (CRO): -27.28% Fantom (FTM): -22.33%


APE has been falling since April 18, when it nearly hit an all-time high of $27.80. The downward movement was rapid with no apparent retracement.


On May 4, APE dipped below the $14 level area, which was previously resistance. While the region was expected to provide support, it did not.

The next level of support lies at $12, created by the ascending support line. Subdivisions below it may speed up the descent considerably.


KAVA has fallen sharply since reaching a high of $5.65 on April 29. The downward movement resulted in the May 6 low of $3.64. The low was right at the 0.618 Fib Retracement support at $3.75.

If this area fails to initiate a rally, the decline could speed up considerably.


GMT has been falling since reaching an all-time high of $4.17 on April 28. The downtrend was swift, and on May 5, it broke from the $3 level area at GMT.

The next closest support area is $2.10.

If this area fails to hold the price, there will be no other support levels until $0.80.


Since January 22, CRO has been following an ascending support line. This continued until April 25, when the price finally broke below and reached a low of $0.26 on May 3.

There are no bullish signs and the next support area is $0.19.


Since January 26, FTM has been declining with a descending parallel channel. Most recently, it was rejected by the channel on April 2 (red icon) and has been accelerating its decline ever since.

On April 30, FTM fell to a new yearly low of $0.65.

The support line of the channel is currently at $0.37.

in order to become[in]Crypto’s latest Bitcoin (BTC) analysis, click here


All information contained on our website is published in good faith and for general information purposes only. Any action taken by readers with respect to the information on our site is entirely at their own risk.

Source link


Be the first to comment

Leave a Reply

Your email address will not be published.