Lookonchain data shows that Machi Big Brother purchased $587,204 worth of ApeCoin (APE). Metaverse coin price has seen some gains in the last 24 hours. However, according to analyst Danielle du Toit, APE is looking to challenge the 9-day EMA line.
Machi Big Brother bought and staked 148,612 APE
kryprokoin.comAs you can follow, metaverse coin projects came to the fore in 2022. However, the bear market affected the entire market, causing them to lose interest in their projects. On the other hand, there are those who have not given up on them yet. Blockchain analytics firm Lookonchain reported today that famous crypto phenomenon Machi Big Brother has purchased from decentralized exchange Uniswap (UNI) and metaverse coin ApeCoin (APE) every day for the past 7 days.
Also, Lookonchain noted that the phenomenon has also staked all APEs purchased in the last 7 days. Lookonchain data shows that Machi Big Brother currently buys APEs for an average of $3.95. It also states that it has purchased a total of 148,612 APEs. This is a total of 587,204 dollars with the price of APE at that time.
Technical view of metaverse coin price
Crypto market monitoring site CoinMarketCap shows that the price of APE is up 0.42% in the last 24 hours. Metaverse coin price gained 0.27% and 0.15% against Bitcoin (BTC) and Ethereum (ETH), respectively. At press time, one APE coin is worth approximately 0.0002116 BTC and 0.002938 ETH.
Crypto analyst Danielle du Toit points out the following technical data for the metaverse coin. The price of APE is trading below the 9- and 20-day EMA lines after the massive increase in selling volume on December 16, 2022. This volume caused the price of APE to drop from $4,059 to $3,390. Since then, APE has consolidated in a price channel between $3,320 and $3,596.
The price of APE is now attempting to challenge the 9-day EMA line, which broke below the 20-day EMA on Dec. 16. If the daily RSI line is any indicator, the altcoin’s price may not have enough bullish support to top the level. The daily RSI line is positively sloping towards oversold. However, the gradient of the slope is not steep enough to indicate that it would be a strong bull pump.
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