ApeCoin (APE) has experienced a notable slump throughout the second quarter of this year. As the digital currency landscape continues to evolve, investors and enthusiasts have been closely monitoring the token’s performance, eagerly awaiting signs of a potential turnaround. With concerns mounting, many are left wondering: is there a silver lining ahead for ApeCoin, or is it destined to remain trapped in the grips of a prolonged downward trend? Can ApeCoin Bulls Find Strength Amid The Downtrend? In recent months, ApeCoin APE has experienced a significant decline, with its price plummeting by over 55% from its mid-April swing highs of approximately $4.5 to its current value of $2.17 at the time of writing, according to a new APE price report. Although the cryptocurrency rallied by 6.4% in the past 24 hours, the 14-day chart reveals a substantial slump of 27.2%. Adding to the bearish sentiment, the trendline resistance has proven to be a formidable obstacle, hindering any pote...
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