- APE’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards.
- APE’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying.
- APE’s price remains indecisive on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA).
Apecoin’s (APE), has not rallied like the other altcoins over the last few weeks. The price is still stalled in its price movement and there is little chance of it rising to $10 before its expected staking. All assets have seen some relief, but the crypto market is still dragging. Bitcoin (BTC), however, has shown great momentum and rallies. Apecoin has been slow as the price faced resistance and is expected to break higher in the coming days. Data from Binance
Apecoin’s (APE) price analysis on the Weekly Chart
Altcoins continued to see over 2000% growth in recent weeks, despite breaking away from their range-bound movements. Many believe that more hope is now settling in crypto.
Although things looked somewhat skeptical in the beginning of week, they are starting to look better for certain altcoins. BAND rose over 100% in 24 hours and showed that there was a lot of volume and price action for those who placed buy orders. APE continues to show little volatility, despite the fact that the price is unable to continue its upward trend. However, the market expects the price to rally soon.
After dropping from its high of $27 in recent months with so much hype for APE during the sale of “Otherside” metaverse land, the price of APE has failed to show its price action after rallying from a weekly low of $9 to its high, the price of APE has struggled recently to pull off a rally that has left many in euphoria.
APE’s price fell to $3 per week. The price quickly rebounded and traded in the $7 region. This was before APE’s price had been rejected as a bound mover.
Weekly resistance for the price of APE – $7.
Weekly support for the price of APE – $4.5.
The Daily APE Price Analysis (1D), Chart
APE’s price continues to be strong, and could possibly break out of the long-term price movement of $65. Recapturing key support at $5.5 would indicate a favorable sign for APE. This would lead to price rising to $7.
The price of APE trades at $5 above the 50 EMA, which indicates a good relief sign for APE’s price on the daily timeframe could be poised for a major breakout if prices close above $5.5 after facing rejection to trend higher.
Daily resistance for the APE price – $5.5.
Daily support for the APE price – $4.5.
Featured image from zipmex. Charts from Tradingview