ApeCoin price prediction shows that APE is rising at a rate of 10.75% and the coin is preparing for a bullish crossover.
Reasons for ApeCoin Price Increase by 10%
In the past 24 hours, ApeCoin (APE) has experienced a staggering 10% increase to reach its current trading price of approximately $1.96. ApeCoin's value has increased by 21% since the beginning of the year, attracting the interest of speculative investors.
ApeCoin Forecast Statistics:
ApeCoin Current Price – $2.11
ApeCoin Market Cap – $1.2 billion
ApeCoin Circulating Supply – 604.8 Million
ApeCoin Total Supply – 1 billion
ApeCoin Coinmarketcap Ranking – 97th
APE/USD Market
Key Levels:
Resistance Levels: $2.50, $2.55, $2.60
Support Levels: $1.50, $1.45, $1.40
APEUSD – Daily Chart
At the time of writing, APE/USD is trading in an uptrend and the coin is preparing to break out of the upper boundary of the channel. According to the daily chart, the candlestick pattern is currently rising, but a slide below the 9-day and 21-day moving averages could lead the market price towards the south, with the nearest support level located near $1.90.
ApeCoin Price Prediction: APE/USD May Rise
The price of ApeCoin is currently trading above the 9-day and 21-day moving averages. However, a breakout above the upper boundary of the channel is likely to trigger a strong buying towards the resistance levels of $2.50, $2.55, and $2.60. Conversely, the APE/USD pair is likely to maintain the support level near $1.90, which could be a daily low. Therefore, if the coin breaks below this support, it could drop to the nearest support level of $1.80.
Meanwhile, if the selling volume resumes, the key supports could be located near $1.50, $1.45, and $1.40. Nonetheless, as the 9-day moving average is above the 21-day moving average, the market could rise further if the upper boundary of the channel is breached.
APE/BTC follows bullish trend
Compared to Bitcoin, buyers are likely to keep ApeCoin’s price above the moving averages. Meanwhile, from above, the closest resistance level is located above the channel’s upper boundary at 4000 SAT.
APEBTC – Daily Chart
Conversely, if the price drops further to create new lows, the nearest support could be located at 3500 SAT and below that at 2700 SAT. Meanwhile, if the 9-day moving average remains above the 21-day moving average, this could be a confirmation signal for the market to rise.
@MTA098 recently told his audience on X (formerly Twitter) that $APE has currently experienced a significant development: resistance turned into support and is holding steady on the 12-hour chart. This setup indicates preparation for a possible upward movement.
Alternatives to ApeCoin
Currently, ApeCoin is trading around $2.11 and is expected to break out of the current channel. Within the range of the descending channel, it may face immediate resistance near $2.20, with minor resistance at $2.15. However, a surge in market activity may lead to additional resistance near the upper boundary of the channel. ApeCoin (APE) has consolidated its position with a massive market cap of $1.2 billion. On the contrary, $BTCMTX has already accumulated a staggering $11.64 million during the presale stage, showing a huge room for growth.
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