ApeCoin Price Prediction: APE Drops 5% As Investors Pivot To This New Meme Coin For Its 403% Staking APY

The
ApeCoin
price
dropped
over
5%
in
the
last
24
hours
to
trade
at
$1.52
as
of
2:48
a.m.
EST
as
investors
dump
their
holdings
in
the
meme
coin
on
the
market.

Despite
the
recent
correction,
the
APE
price
is
still
up
more
than
3%
over
the
past
7
days.
Its
positive
monthly
performance
remains
intact
as
well,
with
the
crypto
36%
in
the
green
on
the
longer-term
time
frame.

ApeCoin
Price
Hovering
Above
A
Negative
Trend
Line

4-hour
chart
for
APE/USD
(Source:
GeckoTerminal)

The
ApeCoin
price
was
rejected
by
the
$1.6042
resistance
level
in
the
last
24
hours,
according
to
data
from


GeckoTerminal.
As
a
result,
the
meme
coin
is
approaching
the
support
at
$1.4660.
Before
APE
potentially
drops
to
this
technical
safety
net,
it
will
first
need
to
break
below
a
medium-term
negative
trend
line
that
has
emerged
on
its
charts.

Should
the
ApeCoin
price
fall
below
the
trendline
in
the
next
12
hours,
the


meme
coin

might
stand
the
risk
of
losing
the
$1.4660
support.
Bears
could
then
choose
to
push
APE
down
to
as
low
as
$1.3233
in
the
short
term.

On
the
other
hand,
the
ApeCoin
price
staying
above
the
descending
trend
line
that
has
appeared
on
its
charts
for
the
next
8
hours
could
lead
to
a
bullish
rebound
for
the
crypto.
In
this
alternative
scenario,
APE
might
attempt
another
challenge
at
the
aforementioned
$1.6042
barrier.
Overcoming
this
obstacle
could
then
clear
the
room
needed
for
a
rise
to
$1.7378.

Technicals
Warn
The
ApeCoin
Price
Could
Drop
Some
More

From
a
technical
standpoint,
indicators
on
APE’s
4-hour
chart
suggest
the
ApeCoin
price
might
drop
some
more
in
the
coming
few
hours.
Both
the
Relative
Strength
Index
(RSI)
and
Moving
Average
Convergence
Divergence
(MACD)
warn
bears
currently
have
the
upper
hand
against
bulls.

In
recent
hours,
RSI
readings
have
dropped
below
the
neutral
50
benchmark.
Traders
often
see
this
as
a
sign
that
sellers
have
an
advantage
over
buyers,
with
the
former
having
more
strength
than
the
latter.
The
negative
slope
of
the
RSI
line
also
suggests
bears
are
still
accumulating
strength,
which
could
lead
to
a
continued
drop
in
the
ApeCoin
price
if
bulls
don’t
step
in
soon.

Meanwhile,
the
MACD
line
crossed
below
the
MACD
Signal
line
in
the
last
few
hours
as
well
to
indicate
that
the


ApeCoin

price
has
entered
a
short-term
negative
trend.
With
the
MACD
line
breaking
away
below
the
MACD
Signal
line,
it
appears
the
bearish
momentum
shows
no
signs
of
slowing
down
just
yet.

While
APE
stands
the
risk
of
testing
support,
investors
are
turning
their
attention
to
a
new
meme
coin
in
presale
phase
by
the
name
of


Flockerz
(FLOCK).

So
far,
the
meme
coin
has
managed
to
raise
over
$6.9
million
through
its
ongoing
ICO,
signaling
strong
investor
confidence
in
the
project’s
future.
Should
this
momentum
continue,
the
meme
coin’s
presale
could
surpass
the
$7
million
mark
later
today.

This
strong
ICO
performance
comes
amid
bullish
predictions
made
on
FLOCK
by
several
crypto
analysts.
Among
them
is
Crypto
Zeus,
who
told
his
more
than
39K
YouTube
subscribers
in
a
recent
video
that
FLOCK
“could
be
huge.”

A
Truly
Decentralized
Project

Many
projects
in
the
crypto
space
have
claimed
to
be
fully
decentralized.
However,
this
often
turns
out
not
to
be
the
case.
This
is
where
Flockers
(FLOCK),
with
its
innovative
vote-to-earn
model,
stands
out.

All
FLOCK
holders
have
a
say
in
the
project’s
future
direction,
and
are
given
the
ability
to
vote
on
important
governance
decisions
as
long
as
they
are
invested
in
the
meme
coin.
By
casting
their
vote
on
important
decisions,
token
holders
are
rewarded
with
additional
FLOCK
tokens.

The
flock
isn’t
messing
around!
Our
Vote
to
Earn
system
is
serious
business!
????????

pic.twitter.com/mrWNyKrPy7

—
Flockerz
(@FlockerzToken)

December
16,
2024

This
innovative
voting
system
will
likely
keep
token
holders
engaged
with
the
project
in
the
long
run,
which
is
something
even
non-meme
coin
projects
struggle
to
accomplish.
What’s
more,
the
ability
to
vote
on
decisions
that
impact
the
project’s
future
gives
the
project
an
unprecedented
degree
of
decentralization.

Investors
Rush
To
Buy
FLOCK
During
Its
Ongoing
Presale

With
the
bullish
predictions
from
experts
such
as
Crypto
Zeus,
combined
with
the
project’s
meme
coin
appeal
and
its
innovative
vote-to-earn
mechanism,
it’s
easy
to
see
why
investors
have
poured
close
to
$7
million
into
FLOCK’s
ongoing
ICO.

Investors
who
want
to
get
in
on
the
ground
stages
of
the
project
can
do
so
using
the
simple
buy
widget
embedded
on
the
project’s
website.
Selling
for
$0.0064523,
FLOCK
tokens
can
be
bought
with
either
crypto
or
bank
card.

Once
purchased,
the
FLOCK
tokens
can
then
also
be
put
to
work
immediately,
with
a
403%
APY
on
offer
to
anyone
who
buys
and
stakes
FLOCK
now.

Purchase
and
stake
FLOCK
here
for
the
403%
APY.

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