AstroPepeX has made a 2% upswing in the last 24 hours, and at the time of writing, it was trading at $0.000047.
APX is cooling after a massive rally in the last two days that saw it soar past the $0.000137 mark. A swift correction saw the bulls pause as sellers dominated the market to take profits.
Looking at the price movement in the last 24 hours shows that volatility has eased, and traders are now looking for the next best position to enter in hopes of securing another massive rally.
In the last 24 hours, APX has posted trading volumes of $1.19 million, and it is also among the trending coins on DexTools.io. ‘
A couple hundred lines of code later, my idea was starting to materialize.
The token name & other parameters are designed to be passed in by values given by GPT in the code’s constructor. pic.twitter.com/vV9E50EblV
Can APX Witness A 35% Rise?
APX witnessed a meteoric rise shortly after launch. On September 20, it rallied to the $0.0001374 level before a steady downtrend started.
As is typical with new tokens, APX witnessed sharp volatility shortly after launch, but this has now cooled off as the market becomes more knowledgeable about the token.
While slight gains have been reported in the last 24 hours, there is a possibility that APX could drop to test support at the $0.000038 level. Uncollected liquidity is at $0.000032; a liquidity sweep could see APX drop to these levels.
The launch of APX through AI and blockchain technologies excited markets, and traders are now awaiting the subsequent development that will trigger another rally. If buyers enter at the current price, APX will rally to test resistance at $0.0000648.
APX Volatility Cools Off
The price indicators point towards a battle for control between the bulls and the bears. The Relative Strength Index (RSI) is at 49, a neutral zone between buyers and sellers.
A look at the movement of the RSI line, which is moving north, shows shifting momentum as buyers enter at the current price. This indicates gains in the short term.
On the other hand, the Moving Average Convergence Divergence (MACD) line is in the positive territory, which shows bulls are in control.
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