Bitcoin cash and apecoin fell to two-month lows on Wednesday, as a red wave swept through cryptocurrency markets.
Following a low of $125.15 on Tuesday,The decline sees bitcoin cash plunge below its long-term floor of $112.00, hitting its lowest point since July 18 in the process.As seen from the chart, this drop comes as the 14-day relative strength index failed to break out of a ceiling at the 52 mark earlier this week.
Historically, there has been a high level of bullish pressure at this point, and should this history repeat itself, we could seeApecoin also slipped in today’s session, with the token hitting a multi-month low.Like withAPE/USD – Daily Chart
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