How does short interest affect the price of Ape coin?

1 answers

• hunar mohammedNov 17, 2022 · 3 years ago
  Short interest can have a significant impact on the price of Ape coin. As a cryptocurrency with high short interest, Ape coin is more susceptible to price volatility. When short interest is high, it means that there are many traders who have borrowed and sold Ape coin, expecting the price to fall. This creates a bearish sentiment in the market, leading to increased selling pressure and potentially causing the price to decline. Conversely, when short interest is low, it indicates that traders are not expecting a significant price decrease, which can contribute to a more bullish market sentiment and potentially drive the price up. Therefore, short interest is an important factor to consider when analyzing the price movement of Ape coin in the cryptocurrency market.
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