Why did ApeCoin fall?

Why has the price of ApeCoin experienced a decline? What factors might have contributed to this downturn? Has there been any specific news or event that has negatively impacted the coin's value? Is the market sentiment towards ApeCoin currently bearish, or are there other reasons for the price drop? Given the volatile nature of cryptocurrencies, is this a temporary setback or a longer-term trend? What strategies should investors consider in response to this price fall?