Divergences in key metrics for APE
We're observing some divergences in APE onchain data:
1) Age consumed - not a divergence, but a big spike, possible sign of a trend change
![](https://production-sanbase-images.s3.amazonaws.com/uploads/28a269fe38e42e71e8651760f945e0539ad6ab2c1e0368df36613ba2e87b3763_1650709888382_ape%20ac.png)
2) Active addresses - less than on previous high
![](https://production-sanbase-images.s3.amazonaws.com/uploads/6b01cda766994c8cd7bab7045a5428030e93d51db69ac483f5350c8b824e5049_1650709928435_ape%20aa.png)
3) Trading volume - same
![](https://production-sanbase-images.s3.amazonaws.com/uploads/686772c7724d8efb271d389283827c5c6290f295abfcace08a4bacbc7022b2f3_1650709947539_ape%20vol.png)
4) Social volume - same
![](https://production-sanbase-images.s3.amazonaws.com/uploads/db7b21a17f3cf97deea26c480eb5423719f0c5bceee2942dabda26b9ae633435_1650709991238_ape%20soc%20vol.png)
5) MVRV - same
![](https://production-sanbase-images.s3.amazonaws.com/uploads/aaecd193af85560d5ee9d5bde795cd496790497d7cbf914c801b80c1d54a8862_1650710014929_ape%20mvrv.png)
6) Transaction volume - big spike of activity near the top, many of largest transactions are Binance deposits.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/e01567b8b6608b2f8e4289e74528cc12337a00fccfbac629cd4f4a6758e040a8_1650710110776_ape%20tx.png)
We might get another leg up to lure in more potential bagholders, but I believe after that this rally won't get sustained much more.
PS: all of that is not financial advice, you're responsible for your own decisions, stay safe out there and happy trading!
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from mtkachuk!
Get 'early bird' alerts for new insights from this author
Conversations (0)