Biggest Movers: APE Hovers Close to 2-Month High, FIL up Nearly 70% in Last Week

Apecoin was trading adjacent to a two-month precocious connected Monday, contempt crypto prices chiefly being successful the reddish to commencement the week. Global crypto markets are presently down astir 2% arsenic of writing. Despite this, filecoin continued its ain surge, with prices of the token up astir 70% successful the past 7 days.

Filecoin (FIL)

Filecoin (FIL) was erstwhile again a notable mover successful crypto, arsenic prices of the token roseate for a seventh consecutive session.

Monday saw the token deed an intraday precocious of $11.24, which is its highest level since May 11, erstwhile prices were trading supra $11.50.

Overall, FIL is presently trading astir 70% higher than astatine the aforesaid constituent past week, erstwhile prices of the token were astatine a level of $5.10.

The rally commenced astatine this enactment point, with bullish unit intensifying arsenic the days and week progressed.

This led to the 14-day RSI (relative spot index) tracking astatine a highest of 83, which is its highest constituent since March 2021.

Earlier gains successful FIL person present eased arsenic a effect of prices being overbought, and pursuing a collision adjacent to a absorption constituent of $11.25.

FIL/USD is trading astatine $8.88 arsenic of writing.

Apecoin (APE)

In summation to FIL, apecoin (APE) was besides successful the greenish during Monday’s session, with prices hovering adjacent a two-month high.

APE/USD deed a precocious of $7.26 successful today’s session, which comes little than a time aft the token was trading astatine $6.70.

Today’s determination saw the token commercialized marginally beneath $7.30, which is its highest constituent since the extremity of May.

However, pursuing a flimsy breakout supra a absorption level of $7.15, bullish unit eased, with the terms present trading nether $7.00.

Looking deeper into the existent regular illustration connected APE, you tin spot that the comparative spot scale is presently astatine 64.28, which is adjacent a ceiling of 65.

Should this momentum proceed to rise, past we mightiness spot bulls effort to recapture a higher absorption constituent of $9.30.

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Could apecoin scope this absorption successful August? Let america cognize your thoughts successful the comments.