ApeCoin (APE) price has surged 63.86% in the last seven days, but major holders remain skeptical. The number of wallets holding between 1 million and 10 million APE has dropped consistently since October 19.

This decline suggests that whales are not yet convinced about the sustainability of this rally. Without their confidence and participation, it may be challenging for APE to maintain its upward momentum.

APE Whales Are Still Not Convinced

APE price has been in the news after Yuga Labs announced the launching of ApeChain. However, whales don’t seem convinced.

The number of wallets holding between 1 million and 10 million APE has been consistently dropping since October 19. This indicates a lack of confidence among major holders, even with the recent upward movement in price.

Read more: ApeCoin (APE) Price Prediction 2024/2025/2030

Tracking whale activity is crucial because they often drive significant market moves. Between October 19 and October 25, the number of APE whales dropped from 168 to 158.

This decline suggests that despite APE price recent gains, whales are not yet convinced and are not actively accumulating. Without their participation, sustaining the rally could be challenging, indicating uncertainty in APE’s current price momentum.

ApeCoin DMI Shows The Current Trend Isn’t That Strong

The DMI chart for APE shows three important components: the ADX (yellow), the +DI (blue), and the -DI (red). The ADX value is currently at 22.91, indicating a relatively weak trend.

The ADX measures the strength of the trend, with values above 25 considered a strong trend. In this case, the ADX suggests that APE’s recent uptrend lacks momentum to be classified as strong.

The +DI (blue) is at 30.51, which is higher than the -DI (red) at 21.10, indicating that buying pressure is currently dominating selling pressure. However, with the ADX below 25, the current upward movement might lack the force needed to continue with significant gains.

The interplay between the +DI and -DI suggests a bullish trend, but for APE’s uptrend to be sustained and stronger, the ADX would need to rise above 25, confirming a more decisive trend in the current buying momentum.

APE Price Prediction: Can APE Surge More 53% In October?

APE is currently trading above the shorter-term EMA lines, suggesting bullish momentum. However, they are beginning to flatten, which implies potential consolidation after the recent surge. This is also reinforced by the recent heavy drop in the shorter EMA line (the red one in the chart).

Read more: ApeCoin (APE): Everything You Need To Know

Key resistance levels are marked in blue at $1.47 and $1.82. If APE is able to break the $1.47 resistance, it could test $1.82 next, marking a potential 53% price growth.

On the downside, significant support levels are at $1.12 and $0.94, highlighted in red. These support areas provide stability if the price pulls back further, but maintaining support above $1.12 would be vital for holding onto recent gains and avoiding a deeper correction.

This will be crucial to keeping APE among the most relevant altcoins in the market, as the coin has repeatedly moved in and out of the top 100 by market cap in recent months.

Ripple (XRP) price has dropped by 11.09% over the last 30 days, and current indicators suggest further caution. The Relative Strength Index (RSI) is at 38.93, indicating a downtrend but not yet signaling oversold conditions.

This means that XRP’s correction may still have room to continue before finding strong support. Additionally, while the Chaikin Money Flow (CMF) is positive at 0.11, this hasn’t translated into price growth, indicating that confidence in XRP is still weak.

XRP RSI Is Still Far From Oversold

XRP’s RSI is currently at 38.93, indicating that the asset is in a downtrend but not yet oversold. This level suggests that selling pressure is still present, though it hasn’t reached extreme levels.

The Relative Strength Index (RSI) is a momentum indicator used to measure the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting an asset is oversold.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

With the RSI hovering above the oversold threshold, it signals that there could still be room for further downward movement for XRP price before buyers step in.

Ripple CMF Is Positive, But This May Not Be Enough

XRP’s Chaikin Money Flow (CMF) is currently at 0.11, indicating some positive buying pressure. However, a positive CMF reading doesn’t always mean the market is bullish. Despite being in the positive zone, this value alone doesn’t provide enough confidence for a clear upward trend.

The Chaikin Money Flow (CMF) is an indicator that measures the buying and selling pressure of an asset, ranging between -1 and 1. When CMF is positive, it shows that buying pressure is greater than selling pressure. In recent months, even when XRP’s CMF has turned positive, it hasn’t consistently led to price gains.

Over the past few weeks, CMF readings have become notably positive, yet XRP’s price failed to surge. This suggests that holders may still lack strong confidence in XRP, and a higher CMF value could be needed to trigger significant price growth.

Ripple Price Prediction: A Potential 23% Correction Soon?

XRP’s price is currently trading below all the EMA lines, suggesting a bearish sentiment. The EMA lines are sloping downwards, with shorter-term EMAs positioned below longer-term ones, which further confirms the prevailing downtrend.

This alignment indicates that the selling pressure is dominating, and there isn’t much momentum for a strong upward movement yet.

Read more: XRP ETF Explained: What It Is and How It Works

Key resistance levels are marked at $0.56 and $0.61. For a potential bullish reversal, XRP needs to break above these resistance zones to regain positive momentum. An uptrend could appear if XRP wins its legal battles against the SEC or if its ETF is approved.

On the downside, support levels at $0.43 and $0.40 provide a safety net if the price continues to fall. That means a potential 23% correction in the XRP price.

Solana (SOL) price has risen 12% over the past week, and recent developments suggest there could be even more room for growth. With the Relative Strength Index (RSI) dropping to 61 from overbought territory, SOL now has space to move upward without immediate selling pressure.

Additionally, the impressive activity on Pumpfun, one of Solana’s biggest applications, is fueling user engagement and ecosystem growth. Both the cooling RSI and the surge in Pumpfun metrics could be key drivers for further price increases in the coming days.

SOL RSI Is Below the Overbought Stage

SOL’s RSI has recently dropped to 61, down from over 70 just a day ago. This shift suggests that the buying pressure has cooled down a bit, moving away from overbought conditions. An RSI above 70 often indicates that an asset is overbought and a pullback is likely.

Now that the RSI is below that critical threshold, it signals that there could be room for the price to continue its upward movement without facing immediate selling pressure.

Read more: 13 Best Solana (SOL) Wallets To Consider in October 2024

The Relative Strength Index (RSI) is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating an overbought condition and values below 30 suggesting an oversold state.

Despite SOL price being up by 12% over the past seven days, the recent drop in RSI below 70 could be a positive sign. It implies that the recent surge wasn’t excessively overextended, leaving space for further gains. With RSI now below the overbought level, there may be more potential for price growth in the coming days.

Can Pump.fun Metrics Drive Solana Growth?

Pump.fun, one of the largest applications in the Solana ecosystem, has been setting record after record recently. Since October 14, the platform has seen more than 20,000 coins launched per day, peaking at an all-time high of 34,094 coins on October 22.

This spike in coin launches is significant because Pumpfun now accounts for almost 50% of daily DEX transactions and volume in the Solana ecosystem. Such high levels of engagement could lead to a new price surge for Solana, much like what occurred between March and April.

Back then, the exponential growth in coins launched on Pumpfun coincided with SOL’s price rising from $107 to $209 in just three weeks. The increased activity signals greater user engagement, which could naturally drive SOL’s price higher once again.

SOL Price Prediction: Back To $194 Soon?

SOL is currently trading above all the EMA lines, reflecting strong bullish momentum. The short-term EMA is acting as immediate support, indicating that buyers are actively stepping in during minor pullbacks.

The alignment of the EMA lines, with shorter-term EMAs above the longer ones, further supports this positive trend, showing healthy continuation potential.

Read more: Solana vs. Ethereum: An Ultimate Comparison

If SOL manages to break above $182.46, it could test $194.04 soon, its biggest price since July. Support areas are marked at $165.37 and $147.55 — both are crucial for maintaining the current uptrend.

The EMA configuration, alongside these support and resistance levels, suggests that the bullish trend is still intact, with room for growth if buying momentum continues.