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The Apecoin price breaks below the key moving averages, showcasing bearishness on the technical chart.
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APE crypto price is down by almost 21.97% in a week as bears took control of the price.
ApeCoin is an ERC-20 token that fuels the collaborative and incentivized ecosystem of APE, which is at the cutting edge of web3 development.
The token holders of ApeCoin exercise self-governance through a decentralized framework that steers the ApeCoin DAO. They have the authority to cast votes to determine the allocation of the DAO’s Ecosystem Fund. Meanwhile, the APE Foundation is tasked with implementing the decisions ratified by the ApeCoin community.
APE Crypto Price vs Volume Analysis
The graph indicating the volume and price of trading shows a decrease in volume over the past few days, with a corresponding decrease in price. The price has shown a significant decline over this period, leading to an expectation of further decline in upcoming s
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