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APE/USD is once again trying to find a new trend

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Apecoin Price Prediction October 6th: APE/USD is once again trying to find a new direction

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Apecoin Price Prediction October 6th: APE/USD is once again trying to find a new direction

downward activities in epicoin The market is responding to the strong upward movement in the market. After the bull market on the 19th of September, the downward pressure led to the consolidation of the market price. And the bullish price is steadily recovering.

Apecoin market price statistic:

  • APE/USD rate now: $5,324
  • APE/USD Market Cap: $1,612,157,628
  • Circulating supply APE / USD: 306.875.000
  • Monkey / Total supply in USD: 1,000,000,000
  • APE/USD Coin Market Ranking: #37

main levels

Resistance: $5,500, $5,700, $6,000

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Support: $5,000, $4,667, $4,285

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Apecoin Market Price Analysis: An Indicators View

In the last three daily sessions, negative graphs are shown in pink; This indicates that the bulls are regaining strength in the market. The MACD line has just tested the indicator’s negative territory; It tries to find an uptrend as it responds to bullish activities in the market. The RSI line is now moving in the middle of the indicator while the market is consolidating. After this price range period, the market is expected to break out decisively either to the upside or to the downside.

Apecoin Price Prediction October 6th: APE/USD is once again trying to find a new direction

APE / USD 4 Hour Chart Forecast

Smaller time frames like this help in predicting the next direction of the price. The first session was very bullish. Towards the end of the market, sellers began to move the market in their favour, reclaiming more than half of the land taken by the buyers. The MACD line and the RSI line are now moving in a horizontal pattern due to the inertia struggle in the market between the bears and the bulls. The probability of the market performing in favor of the bulls is high because according to the indicators, the measurement of the line is in the bullish section.

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Blockchain

Ripple is filing a final submission against the SEC as the landmark case draws to a close

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The most talked about crypto case involving the US Securities and Exchange Commission (SEC) and Ripple is coming to an end after a two-year battle.

On Dec. 2, the SEC and Ripple both filed redacted responses to each other’s opposition to motions for summary rulings.

Ripple argued in his move document that the SEC had failed to prove that its offering of XRP between 2013 and 2020 was an offer or sale of an “investment contract” and therefore a security under federal security laws.

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Ripple concluded the document by saying that “the court should grant the defendant’s request and should reject the SEC motion.”

This is Ripple’s “final submission,” Ripple General Counsel Stuart Alderotti said on Twitter on Dec. 3, asking the court to “make” a ruling in its favor.

He also stated that Ripple is proud of the defense it filed “on behalf of the entire cryptocurrency industry,” noting that Ripple “always played it straight with the court,” and took a subtle swing at the SEC saying that “the same cannot be said for our opponent.”

In another Twitter post, Alderoty continued to criticize the SEC on Dec. 5, referring to it as a “reversion regulator,” citing two statements suggesting they are on ends with each other.

Ongoing legal dispute Between the SEC and Ripple It began in December 2020 when the Securities and Exchange Commission initiated legal action against Ripple claiming that it raised $1.3 billion by offering Ripple’s native cryptocurrency XRP as an unregistered security.

Related: Investors are increasingly confident in Ripple’s victory over the SEC: CoinShares

Earlier November 30 on Twitter threadThere are only three cases left to be resolved in SEC vs Ripple, former federal prosecutor James Phelan said.

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This includes summary motions for judgment, expert challenges, and seal issues related to the Expert Reports, Hinman documents, and other materials on which the SEC and Ripple have relied in their motions.

Hinman documents refer to the speech given by William Hinman at the Yahoo Finance All Markets Summit in June 2018, where He stated that ether (ETH) was not a security.

Phelan believes that Justice Torres will not handle the three big cases “separately,” and instead will decide “everything together, and once she rules on the motions for summary judgment, a ‘big written judgment’ will be rendered — likely” on or before March 31. ) 2023.”