The price of Apu Apustaja (APU) has surged nearly 15%, with BTC rising again on the daily chart. Where the market cap has increased nearly 2x from the July 8th low of $109 Million to, as of writing, $239.1 Million. Meanwhile, The BTC has aimed to retest the dominant supply of BTC yet again, which turned the entire broader market sentiment optimistic.
The charts show that BTC influenced APU in the past three weeks surge. Where APU showed massive returns to investors of more than 135%, as of writing. Simultaneously, BTC gained a modest 24%.
With the market cap spike, APU now ranks 221st in the top 250 global crypto list. It has good liquidity, which facilitates trades execution, nearest to exchange value. As of writing, the volume/market cap ratio of 24 hours was 5.98%.
APU Tokenomics, Market Fear & Greed Index Display
The memcoins show rising interest among the major public. 313 Million APU, nearly 74.48% of the total 337 Million APU is circulating.
Based on the rich list, APU’s total holders have reached 14715, where its top 100 holders hold most of the tokens floating, precisely 64.53%.
Meanwhile, the market’s fear and greed index needled at 68, which signified higher greed in the market. The overall sentiment appears bullish, indicating probable future optimism. Thus, the sentiment could be a key prior signal for the upcoming rally ahead, where the memecoin could play significantly, and so could APU.
What Does Volatility Display on APU Price Chart?
The price displayed bullish behavior in the past three weeks in correlation to BTC’s optimism. However, the below chart exhibits the contrast between volatility and price movement in the memecoin Apu Apustaja (APU).
APU’s rise in recent weeks was not without a rise in volatility indicating low stability. Sellers are active and not in the rear anymore. During the ascent, interruption could be seen, or a decline too.
Reading Between APU’s Chart Lines
APU made its first candle on April 6th, 2024, on the MEXC exchange. The price rose more than 450%, from $0.0002113 to $0.0012195 on the daily chart.
However, the change of wind took the game into the bears’ hands. The bulls lost grip due to instability and ended up in a wedge for the next 40 days after registering a peak.
Buyer accumulation stopped making further lows from June 23rd onwards. The price breached the upper border of the wedge by creating a double bottom, precisely another bullish pattern inside the wedge, and that is how bullishness prevailed on the daily chart.
The 50-day EMA backs the price, the MACD histogram grew to 0.0000153, and the RSI flashed at 61.68. The indicators showcased further upside possibilities.
Therefore, the resistance is at $0.0008849 and $0.00010618. However, the slippage of $0.0007016 would lead towards 0.0005588.
APU price surged 15%, boosted by the BTC rally, but volatility has also risen. Market cap has doubled, now ranking 221st. There is potential for further gains, but caution is advised due to price instability.
