🚨 $APE /USDT – NFT Giant Crashing! -9% 🔻 Is the Bottom in or More Bleed Ahead?
$APE just broke below key support at $0.60, dropping -9.26% on solid volume. Oversold bounce or dead cat?
📊 Market Overview
📍 Current Price: $0.6019
📈 24h High: $0.6734
❄️ 24h Low: $0.5931
📊 24h Volume: 7.83M APE
💸 USDT Volume: $4.84M
📉 Parabolic SAR: Downtrend intact
📉 Technical Indicators
🔸 MA(7): $0.6026
🔸 MA(25): $0.6189
🔸 MA(99): $0.6806
🔸 RSI(6): 42.99 (Weak momentum, nearly oversold)
🔸 Volume Spike: Bearish pressure accelerating
📈 APE Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If reclaim $0.618)
• Entry: $0.618–$0.628
• Targets: $0.648, $0.680
• Stop-Loss: $0.593
🔹 Bearish Scenario (Break & Close Below $0.593):
• Entry: $0.592–$0.575
• Targets: $0.550, $0.520
• Stop-Loss: $0.618
📉 Zoomed Out View
⚠️ MA cluster above = strong resistance
⚠️ RSI near 40 = bears in control
📉 Losing MA(25) = weakness confirmed
📌 Pro Tip:
• Wait for a daily candle close—$0.60 battle is critical
• Strong rejection near $0.618 = high-confidence short
💬 Long-term fade or bounce play here? Comment your bias below 👇
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