ApeCoin Price Prediction as APE Falls Below $1.50

The ApeCoin price has dropped by 3% in the past 24 hours, with its fall to $1.43 coming as the cryptocurrency market slides in the wake of another Bitcoin ETF application delay. APE is now up by 1% in a week but down by 7% in a fortnight and by 21% in the last 30 days, with the altcoin also down by 60% since the beginning of the year. On the face of it, APE is in a great position insofar as its indicators all signal severe overselling, which under normal circumstances would suggest an asset going at a steep discount. For one, APE's relative strength index (purple) continues to languish at around the 30 level, and given that it has been at this level for a couple of weeks.

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