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ApeCoin's (APE) Price Under Threat As Massive Sell Pressure Sparks Concerns

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ApeCoin is a relatively new cryptocurrency, having only been introduced in the year 2021. However, during this relatively brief period of time, the NFT-based token has been on a roller-coaster ride in the crypto market, reaching new heights while simultaneously testing lower lows. Currently, the price of Apecoin ($APE) is flashing bearish indications due to brewing sell pressure.