Critical FVG Level and Potential Scenarios

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With increasing buying pressure recently, APE has entered a short-term uptrend. Technical analysts foresee two possible scenarios:

• Bullish Scenario: If the FVG zone is breached with high volume, $0.66 could become the new target
• Bearish Scenario: If rejected from this zone, a correction to $0.46 levels might occur

Market Dynamics and APE’s Position

Volatility in Bitcoin (BTC) and Ethereum (ETH) continues to impact altcoins. APE’s performance is particularly influenced by:

• Interest in NFT and metaverse projects
• Overall market risk appetite
• Volume movements at technical levels

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The post APE Price Analysis: Critical FVG Test in Progress appeared first on Coin Engineer.

Upcoming Lock Expansions and their Impact

February 7, 2025

• SUI (Sui): SUI 378,060 ($1.26M) → Market capitalization impact: 0.01
• GRT (The Graph): GRT 72.52M ($10.18M) → Market capitalization impact: 0.76
• WLD (Worldcoin): 3.42M WLD ($4.21M) → Market capitalization impact: 0.33

February 9, 2025

• TIA (Celestia): TIA 998,404 ($3.04M) → Market capitalization impact: 0.19

February 12, 2025

• IMX (Immutable X): 27.92M IMX ($22.75M) → Market capitalization impact: 1.60

February 13, 2025

• APE (ApeCoin): 15.60M APE ($11.31M) → Market capitalization impact: 2.07
• MELANIA: 70.00M MELANIA ($91.56M) → Market capitalization impact: 46.67

February 14, 2025

• PLUME: 110.43M PLUME ($15.54M) → Market capitalization impact: 5.52

Possible Market Impacts

Large unlocks can create significant selling pressure, especially in projects like MELANIA (46.67%) and PLUME (5.52%). Tokens with such large unlocks are closely watched by investors and a possible wave of selling could cause significant fluctuations in the price.

Tokens like SUI, GRT and TIA, which have lower open rates, may affect prices to some extent, but do not carry the risk of a large-scale drop. In these projects, it is important for investors to be more cautious about expansions and observe the volume situation.

On the other hand, token launches in large projects like IMX and APE could put moderate pressure on prices. In particular, the movements of large investors (whales) can play a key role in determining how these assets are priced in the market.

Such key breakout data provides important signals for investors. It is critical to follow market movements and be cautious about price fluctuations that may occur after openings.

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The post Major Token Unlocks in the Coming Days appeared first on Coin Engineer.

What is ApeCoin (APE)?

ApeCoin (APE) is an ERC-20 token used within the APE ecosystem. It serves as the governance token, allowing holders to participate in the ApeCoin DAO. Additionally, ApeCoin is used to access games, products, events, and services within the ecosystem.

Coinbase’s decision to include ApeCoin (APE) in its futures trading list gives investors the ability to trade based on both price increases and decreases. This allows investors to take more strategic positions on ApeCoin’s future price movements. Futures trading offers more liquidity and variety in the crypto market while also providing experienced traders with risk management opportunities.

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The post Coinbase Launches ApeCoin (APE) Futures! appeared first on Coin Engineer.

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Trending Coins

Bitcoin Liquidation Map

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Greg Solano, co-founder of Yuga Labs and BAYC who recently assumed leadership of Yuga Labs, said in a press release, “ApeChain is betting that what matters most are apps—sso it’s prioritizing killer day one content partners, a robust ecosystem site that makes finding the coolest stuff on the chain easy, and a suite of developer tools that makes deploying novel experiences to ApeChain seamless.”

Launched early in 2021, the market-leading NFT series The Bored Ape Yacht Club attracted support among corporate brands and celebrities during the last bull market. Through launching a succession of metaverse and gaming products and granting token holders control to create their own creative works, the project developed its intellectual property.

Yuga assisted in the creation of ApeCoin in 2022 in order to support community governance and the incentive of growth. With its forthcoming Ethereum Layer 2 blockchain, ApeChain, the team is now seeking to create a new website so “users can easily navigate the ecosystem and discover new decentralized applications” that would use the native chain.

ApeCoin is also helping the web3 commerce sites Halliday, Decent, and Privy improve onboarding. Using payment companies MoonPay and Stripe, Halliday said it is creating a fiat-to-crypto onramp capable of “accepting payments in any token from any blockchain” in an X post.

These kinds of “distribution channels,” Solano pointed out, will “help creators get noticed.”

In addition, ApeChain is focusing especially on its Reboot Protocol, created alongside the NFT platform Pixel Vault as a game developer toolkit rewarding players for winning skill-based games on-chain and betting. The team intends to incorporate the just introduced Arbitrum Stylus code platform for dapp creation.

For the Bored Ape Yacht Club and NFTs generally, these actions coincide with a time of generally stagnation. From an era when some non-fungible tokens sold for millions of dollars, the NFT series is currently trading at a price floor of roughly 11 ETH (~$27,000), having failed to completely recover from the market meltdown in 2022.

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The post ApeCoin’s Roadmap: New BluePrint Projects Unveiled appeared first on Coin Engineer.

Dubbed The Workshop, Solano said he formed the internal team following his February takeover of the CEO post from former Activision Blizzard executive Daniel Alegre. In April, Yuga Labs reduced many functions in a business reorganization focused on this transition.

“Labyrinthine organizational processes have been clouding the creative-first mentality that motivated this company from conception. We care and work hard, but somehow we wind up with committees and organizations. We plan more than we ship,” Solano said in a staff message at the time. “Getting ourselves centered and on the correct road requires being a smaller, more agile, and cryptonative team. a team that does little but does it brilliantly.”

Solano seems to have tried to assemble his dream team in The Workshop, which he details in his X post as “13 of our top engineers and product people. There is no fat; just doers.” Driving adoption to the upcoming ApeChain network is the team’s main concentration.

Solano said the team will be concentrated on rapidly shipping new items and eliminating the ones that don’t find appeal. According to Solano, the crew wants to “make delightful shit, on-chain, fast. Make new primitives and protocols or re-mix old ones. [The Workshop] is one of the primary ways you’re going to see us doing that in the coming weeks and months, as we roll out that team’s first set of products on ApeChain.”

Solano pointed out that Yuga Labs won’t sustain failed goods for long since it finds itself in a far less friendly atmosphere for NFT-related initiatives than in years past. “We will kill anything when it does not work. With love but no pity,” Solano said.

Driven by Arbitrum and shepherzed by Arbitrum developer Offchain Labs and Horizen Labs, the items will debut on ApeChain, the next Ethereum Layer 2 network for the Yuga Labs ecology. The plan calls for ApeCoin to be its native token and the ApeCoin DAO to be its main governing body.

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The post Yuga Labs Hints at Fresh ApeChain Products by Workshop appeared first on Coin Engineer.

You may be interested: Bitcoin Tested 70.000 Dollar Level!

The post Latest Situation in Bitcoin and Cryptocurrencies! – 9 March appeared first on Coin Engineer.

Bitcoin is still not closed above the $52,400 we mentioned and has now pulled back to the $51,600 level. Fed FOMC minutes will be announced today, and this can affect Bitcoin. It would be sensible not to take a transaction without the expected support and resistance breakouts.

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Bitcoin(BTC): BTC/USDT pair lost 1.34% in the last 24 hours, trading at $51,598. Resistance levels for BTC are $52,400 first, then $54,700. Support levels are $51,300 and $50,000 below this region.

Ethereum(ETH): ETH/USDT pair lost 2.46% of its value in the last 24 hours, trading at $2,942. The first resistance level for ETH is $2,975, then $3,060. Support levels are $2,710 first, then $2,615.

ApeCoin(APE): APE/USDT pair lost 6.13% in the last 24 hours, trading at $1.73. The first resistance level for APE is $1.74, then $1.84. Support levels are $1.70 first, then $1.60.

Coin98(C98): C98/USDT pair gained 4.84% in the last 24 hours, trading at $0.32. The first resistance level for C98 is $0.34, then $0.36. Support levels are $0.30 first, then $0.27.

Near Protocol(NEAR): NEAR/USDT pair lost 4.91% in the last 24 hours, trading at $3.23. The first resistance level for NEAR is $3.38, then $3.60. Support levels are $3.20 first, then $3.11.

The post Last Situation in Bitcoin and Cryptocurrencies! – 21 February appeared first on Coin Engineer.

As a result of the news that unfolded in the crypto sector yesterday, there was a sharp decline down to $35,700 level. Following a reactionary increase, an upswing to 36,500$ level came. However, the risk is still not passed. We may see various manipulations in the market these days. Therefore, it is still beneficial to be cautious.

Latest Situation in Bitcoin and Cryptocurrencies

‣ Bitcoin (BTC) The BTC/USD pair is trading at an increase of 1.94% at 36472 dollars at the time of writing. For BTC, resistance levels are 36800–37000 dollars, support levels are 35950-35350 dollars.

‣ Ethereum (ETH) The ETH/USDT pair is trading at a 3.54% increase at 2002 dollars at the time of writing. For ETH, resistance levels are 2090 to 2130 dollars, and support levels are 2000 to 1967 dollars.

‣ Optimism (OP) The OP/USD pair is trading at a 6.13% increase at 1.69 dollars at the time of writing. For OP, resistance levels are 1.76 to 1.87 dollars. Also, support levels are 1.64 dollars – 1.57 dollars.

‣ Aptos (APT) APT/USD pair, at the time the article was written, is trading at a 5.60% increase of 7.17 dollars. APT resistance levels are 7.30–7.50 dollars. Also, support levels are 6.77–6.33 dollars.

‣ ApeCoin (APE) At the time the article was written, APE/USD pair is trading at a 4.82% increase with a 1.39 dollar. APE resistance levels are 1.42 to 1.51 dollars, and support levels are 1.32 to 1.28 dollars.

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