#AltcoinEntry

Dear crypto brothers and sisters, continuing the series "You ask Altcoins, Jason answers Entry" 🤝

According to the weekly chart of $APE , it still shows a clear long-term downtrend from the peak of 2022. You see the current price is around 0.56, and it is still being held back under the descending resistance line, causing every recovery attempt to fail. Jason observes the candles creating a series of lower highs, combined with a stacked declining EMA, proving that the sellers still hold control over the larger frame, even though there were times of a sudden volume increase indicating short-term buying.

Jason thinks the situation may continue to be sideways or test the support at 0.3-0.5 if the momentum weakens, especially with the recent volume being sluggish; however, the new pump could signal a bottom pattern if there is a catalyst from the ecosystem.

Despite the price drop, ApeCoin is actively expanding a strong multi-chain through Project R.A.I.D, supporting swaps, staking, lending, and liquidity pools on Ethereum, Solana, Hyperliquid, and Base, promoting utility and on-chain culture. Regarding the current tokenomics unlock schedule, the total supply of ApeCoin is 1 billion tokens, with an allocation including 62% of the ecosystem fund unlocking gradually over 48 months from March 2022; by October 2025, most unlocks for the team and Yuga Labs will be completed, but the treasury is still unlocking monthly until March 2026.

Jason advises you to approach calmly, wait for a confirmed breakout above 0.8, and diversify to reduce risk in a volatile market. NFA, do your own thorough research.

This is the "mailbox" for you to freely ask about altcoins 👇, Jason and the team will try to answer through the next videos or articles. Crypto never sleeps! Cheers! http://youtube.com/post/Ugkxm9VNUBPeliwsvEiuQVkc1khd5xFXzJys?si=gqWL1L_nOzD5UY_t

- Jason Daily Web3