Apecoin has surged by more than 15% over the last 22 hours. The intraday session kicked off with the token trading at $10.5 but is worth $12.3 as at press time. The most recent increase in price is an indication that the token has recovered from its short bearish break.
The current value of the asset is a far cry from its all-time high. It seems more traders heeded the advice by some bears to sell off their bags and take profit. However, the project appears to be on track based on recent feats.
Apecoin is Seeing a lot of Purchases
As per the data from Benzinger, APE continues to be the most traded cryptocurrency by the 1,000 biggest Ethereum wallets during the previous intraday session. ApeCoin also stood ninth among the top ten purchase tokens and ranked fourth among the most used smart contracts by the Ethereum whales.
The current situation is much better as in addition to being the most traded crypto ETH whales, it is the eighth most purchased coin – hence the uptrend. Apecoin appears to be stable within its price range as at the time of writing.
This is an indication that the bears are getting a grip on the market. Nonetheless, the token is still trading above its pivot point, which is considered bullish as per the pivot point standard.
Ethereum Classic Makes an Attempt at $50
Ethereum classic surged by almost 30% over the last 22 hours. The coin was on a flipping spree as it subdued several resistances during this period. One such level is the $45 resistance which has been arguably on the radar since last week.
The latest bid to $50 was halted as the coin faced retracement at $49.7. The most recent feat ensured that the altcoin flipped its second pivot resistance. The third pivot resistance is on the radar. However, we also observed that the asset is overbought as per reading from the Relative Strength Index (RSI).
Source: https://coinfomania.com/apecoin-is-up-by-15-as-ethereum-aims-for-50/#utm_source=rss&%23038;utm_medium=rss&%23038;utm_campaign=apecoin-is-up-by-15-as-ethereum-aims-for-50