Will ApeCoin be back soon?

APE/USDT (ApeCoin)

Sector: Governance Token / NFT / Gaming
Market Cap: 800M

The Ape Coin is the governance token of the Bored Ape Ecosystem containing the famous NFT collection of the same name.

Although this ecosystem is much less trending than in 2021, these collections remain among the most expensive and have gone down in the history of the blockchain world. If you think it could come back into vogue, you can gain exposure via the APE coin.

Graphically, we are on a location offering an attractive Risk/Reward Ratio as we recently bounced off the Bottom level and are now consolidating in Daily timeframe to build a reversal structure and maybe start an uptrend soon