Ape coin staking has started but the near future looks bleak

APE / TetherUS (BINANCE:APEUSDT)

BINANCE:APEUSDT APE / TetherUS

trendanalysis chartpattern apecoin ape apeusdt apeusd bayc mayc

Ape coin staking started with great success for Yuga Labs and BAYC members. However, the macro economic conditions put additional stress on the Ape coin especially if it leads the members to cash out their stake rewards consistently. It will create consistent downward price pressure on APE. Technicals indicate price action to revisit under $3 again.

E.O. Breakers
@cryptowhenlambo
linktr.ee/cryptobreakers
patreon.com/CryptoWhenLambo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.