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ApeCoin risks another massive selloff as APE drops 70% in two weeks — Here’s why -Breaking

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ApeCoin dangers one other large selloff as APE drops 70% in two weeks — Here is why

A euphoric value rally by ApeCoin (APE) seen in mid-March seems to be exhausted already because of the coin’s 70% drop in valuation previously two weeks — and it might fall additional in April.

On the core of this bearish outlook is a rising wedge, a technical sample that types as the worth consolidates upward inside a spread outlined by two converging ascending trendlines.

each day value chart that includes a ‘rising wedge’ setup. Supply: TradingView
APE provide chart. Supply: ChainPulse, Jarvis Labs