ApeCoin remains stable at key levels - can it rebound? ApeCoin is stable at the key $1 support level, triggering speculation on whether longs are ready to come back, as the currency pair has held above this key point. Recent bearish pressure has pushed Token towards a potential revival, but the key question is: can buyers hold this level and push prices higher? With the momentum shifting and market sentiment constantly changing, either an upward breakthrough will occur, or a collapse. On the 4-hour chart, the price of APE is consolidating above the 100-day Simple Moving Average (SMA) and the key $1 support level, indicating market indecision. Although the position above the SMA suggests a bullish trend, this consolidation could lead to a Rebound or a sharp decline, depending on whether long positions or short positions dominate. At the same time, the 4-hour comprehensive trend oscillation indicator of ApeCoin shows a bearish signal, as its SMA line crosses below the signal line near the zero level. This kind of crossover attempt is usually seen as a bearish indicator, indicating that the downward momentum may be strengthening. Successfully crossing below the signal line may confirm a trend reversal, possibly foreshadowing more dumping pressure on APE in the near future. The daily chart shows that APE is in a consolidation phase and shows a downward trend near the $1 level. Despite trading above the 100-day moving average, increasing dumping pressure has raised concerns about whether it can maintain above $1. The combination of consolidation and bearish momentum may indicate its difficulty in maintaining its position and could lead to a further decline if the bearish trend continues. A detailed analysis of the 1-day comprehensive trend oscillation indicator shows that ApeCoin is in an Overbought state, indicating the possibility of further decline. The signal line is attempting to cross the SMA line, which usually indicates a shift in momentum towards downward pressure. If this crossover occurs, it may enhance the likelihood of continued decline, causing traders to reconsider their positions as dumping pressure increases in a weakened bullish sentiment. According to the analysis, the price of ApeCoin seems to have the potential to fall to the support level of 1 dollar. Breaking this level may lead to further decline in Crypto Assets and may push it down to the support level of 0.660 dollars or even lower. However, if ApeCoin breaks through the $1 mark, the price may pump to the resistance level of $1.7. In addition, breaking this level may trigger further pump, potentially leading to a resistance level of $2.1 or even higher. (Data Source: Godspower Owie)

Unlocking data this week: 5 projects will see one-time large-scale unlocking of tokens. According to Token Unlocks data, 5 projects will have a large one-time token unlock this week, including: ApeCoin will unlock approximately 15.6 million APE at 8:00 on June 17th, accounting for 2.48% of the circulation, worth about 16.87 million US dollars; Nym will unlock approximately 2.96 million NYM tokens on June 17th at 8 o'clock, accounting for 0.37% of the circulation, with a value of approximately $405,000. Manta Network will unlock approximately 6.67 million MANTA tokens at 17:30 on June 18, accounting for 2.05% of the circulating supply, worth about 8.6 million US dollars; Pixels will unlock approximately 54.38 million PIXEL on June 19th at 18:00, accounting for 7.05% of the circulation, with a value of approximately 19.68 million dollars. The SPACE ID will unlock approximately 78.49 million IDs at 8:00 on June 22nd, accounting for 18.23% of the circulation, with a value of about $43.9 million.

Golden Finance reported that rapper Justin Bieber holds $575,011 in cryptocurrency, with 146.478 ETH worth $550,000. In addition, comedian and TV host Jimmy Fallon holds $142,324 in cryptocurrency, with $129,340 in ETH. Basketball legend Shaquille O'Neal holds $3,655 on-chain, mainly in Apecoin (APE). American actress and businesswoman Gwyneth Paltrow holds $14,685 in cryptocurrency.

Coin Network reports: Polygon [MATIC] has lost most of the pump in 2023 and early 2024 and is struggling to keep up with the market's recovery. Analysts point to "market fragmentation" as a key factor, with some Token outperforming Token others for long long reasons, such as increased attention on social media or attractive narratives. MATIC, as well as other altcoins such as Lido [LDO] and ApeCoin [APE], have not been able to reverse this trend, and MATIC is clearly labeled as one of the "zombie chains". Despite partnerships and network effects, its price has not seen a significant improvement. Longing in the market's selective rebound in 2024 leaves many unanswered questions, highlighting the need for caution, due diligence and updating Risk Management strategies.

According to the report by Coin World, APE coin surged from $1.00 to $2.70 in October 2023, but faced a collapse after reaching the supply level, resulting in a quarterly decline of 36.13%. The current trading price is $1.252 with bearish signals. If it breaks the key support level of $1.00, the price may further decline. The decrease in the circulation and price of APE coin indicates a lack of interest from traders in the short term, leading to profit taking. The decline in MVRV ratio also indicates the struggle between long and short positions near the demand zone and possible selling behavior by investors.