The Apes price surged 60% in the past 24 hours, reaching $0.02350 amidst a trading volume surge of 103% to $5.5 million.
Apes Price Surge
In the last 24 hours, the price of the Apes token showed significant growth. According to data from GeckoTerminal, the token's price reached $0.02350 as trading volume rose to $5.5 million.
Current Market Analysis
Currently, Apes is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms a bullish trend. The Relative Strength Index (RSI) also indicates increased demand for the token. If the bullish trend continues, the price might rise to $0.02710.
Market Impact
The overall meme coin market also surged by 1%, reaching a market capitalization of $41 billion. Tokens like SHIB and DOGE also saw a 1% increase. However, if bearish sentiments return, the Apes price could drop to the support level of $0.01665.
The sharp rise in the Apes token price over the past 24 hours indicates increased interest and activity in the market. It will be interesting to observe whether the bullish sentiments will continue or if bears will take control.
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