APE is Under the Weather
APE / TetherUS BINANCE:APEUSDT
The hype is diminishing as BTC and other major cryptocurrency are under a major correction. APE has been pulled down by more than 70% in less than 2 weeks from its ATH. The 4h RSI indicates that APE has been oversold now giving a possibility to bounce back to retest the support level which now seems to become a resistance at $9 to $11. There is a high chance that APE will dip even lower depending on the performance of BTC . If APE breaks $7 support and goes even lower, then exploration on finding new ATL begins. If it holds, we may see an accumulation period for perhaps weeks.
