ApeCoin value breakout stalls after $2.4M BAYC NFT theft — What’s forward?

ApeCoin (APE) underwent a modest selloff a day after the Bored Ape Yacht Membership (BAYC), a well-liked nonfungible token (NFT) model, reported dropping $2.4 million price of digital collectibles in a theft.

The hacker compromised BAYC’s official Instagram account, utilizing it to put up a phishing hyperlink that withdrew tokens out of customers’ cryptocurrency wallets.

every day value chart that includes ‘symmetrical triangle’ setup. Supply: TradingView
APE/USD four-hour value chart that includes rising wedge setup. Supply: TradingView