ApeCoin (APE) experienced a 1.6% loss, falling to $1.348 this week. This decline occurred following the fourth unsuccessful attempt to break through a robust resistance level at $1.5 per coin. Some investors are speculating that APE prices may witness an upswing once the coin gets integrated into the gaming industry, citing increasing social media activity around ApeCoin. However, this potential positive development is likely to be a consideration for the future. In the near term, the prevailing scenario for APE suggests a slide towards $1.000, particularly amid stagnation in the broader crypto market.
The NFT Bored Ape Yacht Club, which could have potentially supported APE's recovery, is trading relatively neutrally at 24.44 ETH, experiencing a 7.5% loss since the beginning of 2024.