Dogecoin remained within a consolidation phase over the past couple of days, whereas ApeCoin and STEPN exhibited bullishness. GMT bounced from a level of technical importance despite the bearishness that engulfed the crypto industry within the past sessions.
Dogecoin (DOGE)
Experts plotted FIB levels based on Dogecoin’s upsurge to $0.171 from $0.122. It placed 78.6% and 61.8% at $0.133 and $0.141, respectively. Dogecoin has traded inside this level within the past couple of days. The original meme coin also bounced from the support at $0.134.
The DMI (Directional Momentum Index) didn’t display a massive trend, with all lines below the 20 level. That added to the idea of DOGE hovering within a consolidation phase. Also, the Bollinger bands remained tight, indicating reduced volatility.
ApeCoin (APE)
ApeCoin witnessed massive highs of $27.6. Meanwhile, plotted Fibonacci retracement zones showed APE respected 78.6% retracement area. Also, the alt encountered rejection at $18.6 last week, but APE now retests it as support.
The A/R line maintained uptrends within the past day, indicating massive demand accompanying ApeCoin’s surge from the $19 mark. The Awesome Oscillator (AO) climbed beyond the zero-line, highlighting bullish strength. Also, the Relative Strength Index moved past the neutral 50, showing a lower time frame momentum shift.
ApeCoin exhibits massive bullishness at the moment. While publishing this content, APE traded near $23.30, following a 3.22% increase over the past day. The uptrends had ApeCoin defying broad market bearishness.
STEPN (GMT)
GMT has ridden massive bullish waves over the past couple of weeks. While writing these lines, the drop to $3.4 turned out to be a pullback and not a new downtrend for the altcoin. The VPVR placed the Value Area Highs and Point of Control at $3.84 and $3.2. While publishing this blog, STEPN traded near $3.97, and only a move beneath $3.09 will reflect a bearish bias.
The OBV revealed a bullish case as it bounced off a former resistance level. That shows bulls might push GMT higher. Also, the Relative Strength Index hit the 50-neutral as a support floor and hiked to indicate increasing bullish strength.
