SolAPE Token USD Cryptocurrency Forecast
Evaluation of SolAPE Token USD cryptocurrency downgraded after the last trading session.
(Updated on May 18, 2024)
The SolAPE Token USD cryptocurrency price fell by -3.13% on the last day (Saturday, 18th May 2024) from $0.0009 to $0.0009. During the last trading day the cryptocurrency fluctuated 8.64% from a day low at $0.0008 to a day high of $0.0009. The price has fallen in 6 of the last 10 days and is down by -4.72% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -970 shares and in total, 998 shares were bought and sold for approximately $0.87 .
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0007 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -23.15% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0016 at the end of this 3-month period.
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SOLAPEUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The SolAPE Token USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0009 and $0.0010. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 10.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SolAPE Token USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000072 between high and low, or 8.64%. For the last week the cryptocurrency has had daily average volatility of 12.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOLAPEUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect SolAPE Token USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-16.35%) up or down from last closing price. If SolAPE Token USD takes out the full calculated possible swing range there will be an estimated 32.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0009 (2.65%) than the support at $0.0008 (9.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SolAPE Token USD cryptocurrency A Buy?
SolAPE Token USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.918 Sell Candidate Downgraded
Predicted Opening Price for SolAPE Token USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0009 ( 0.0768%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOLAPEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0009 | 8.37 % | |
| R2 | 0.0009 | 5.20 % | ||
| R1 | 0.0009 | 3.25 % | ||
| Current price: | 0.0009 | |||
| Support | S1 | 0.0008 | -3.09 % | |
| S2 | 0.0008 | -5.05 % | ||
| S3 | 0.0008 | -8.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0011 | 24.31 % | |
| R2 | 0.0009 | 4.95 % | ||
| R1 | 0.0009 | 2.65 % | ||
| Current price | 0.0009 | |||
| Support | S1 | 0.0008 | -9.68% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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