Apecoin (APE), which was trading at $3.10 per Tether (USDT) weekly low, has seen a rebound in its price.
The APE price saw a rebound with Bitcoin (BTC), rising from $19100 per day to $23,000. Data feeds from Binance
Weekly Chart Price Analysis of APE
According to the chart, APE prices fell by around $3.10 per week, which indicates that support has been established.
As it is facing resistance at $10, the price gained more momentum.
A price increase of $12 would be possible if APE was sold above $10
A retest at $6.7 is possible if the APE price on the weekly chart does not exceed $10.
A good volume indicates that there are buy bids. This pushes APE’s price up.
Weekly resistance for APE price – $10.
Weekly support for APE price – $6.7.
The Daily Price Analysis of APE (1D) Chart
APE’s price found support around $3.4, which seems to be its bottom, on the daily chart.
APE continued its rally beyond the $3.4 support area to reach a peak of $7.7 where it faced resistance.
APE’s price is currently at $7.4, above 50 exponential moving averages, which corresponds roughly to $6.2.
The APE price will find support at $6.2, which is the same as the daily 50 EMA if its drop due to weekend sales.
The 50 EMA area may not hold price. $5.2 could be a strong support for sell-offs.
More buys could lead to APE tasting at $10. That is the resistance seen on the daily charts.
APE prices are represented by a RSI of 65 on the daily charts. This is indicating that APE has received healthy bids.
Also, the volume indicates that APE prices are on track to rise.
Daily (1D) resistance for APE price – $7.7, $10.
Daily (1D) support for Apecoin (APE) price – $6.2, $5.2.
Appecoin Price Analysis on the Four Hourly Chart (4H)
APE prices have shown tremendous strength after they formed support at $4.22 on the 4H charts.
This region has seen APE prices rise, and a bullish channel for uptrending on the 4H chart.
APE prices were rejected at $9.10 which led to sell-offs.
APE price is $7.4, trading above the 50 & 200 EMA with prices of $7 and $6.1 on the 4H chart. These would be support areas for APE, as shown on the 4H charts.
APE’s price has moved up after rising from $6.50.
Four Hourly (4H) resistance for APE price – $8, $10.
Four hourly (4h) support for APE price – $7, $6.1.
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