ApeCoin (APE) Price Prediction: Is APE Set for a $1 Jump?

Updated: 19 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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ApeCoin’s losses in the short term weakened investor’s optimism about potential gains in the coming days. After shedding 26% of its price in the last 30 days, ApeCoin (APE) lost an additional 15% within 14 days.

However, ApeCoin has been making some advances recently, contradicting the expected negative market trend. Today, September 18, at 6:14 a.m. EST, the coin is up by 2%, trading at $1.16.

Additionally, its trading volume in the last 24 hours has spiked by approximately 34%, sitting above $82 million within the same time frame.

Investors now wonder if APE may hit $1.5 before next month, considering the few recovery moves.

Apecoin Breaks Resistance: Should Investors Expect an Uptrend in Price?

ApeCoin has broken the resistance at $1.14, soaring around $1.16 today, September 18.

Although resistance levels are known to attract profit-taking investors, APE’s surge above this level has triggered increased positive market sentiment, showing the coin’s ability to reach higher highs in the coming days to weeks.

Moreover, more investors are joining the trade, increasing the coin’s buying pressure and boosting its value in the market.

As a result, APE has set its next target to the $1.18 resistance. If this rally continues, it could also break this level, jumping to the highest resistance at $1.22 before the next month.

APE’s Bullish Trend is Strengthening – More Rally Ahead?

APE’s dip to the critical support level at $1.09 on September 16 has triggered a rebound in its market today. The coin has formed a green consecutive candle stick on the chart, indicating increased buying pressure.

This shows that investors seeking low-price APE have joined the trade, purchasing more coin units in the last 24 hours.

In the chart above, APE is above the lower Bollinger band, showing its potential to surge further above the center line.

Furthermore, the coin’s Moving Average Convergence Divergence (MACD) is now slightly above the signal line, which shows a recent shift from the bearish to bullish momentum.

Given the green histogram bar formation, this bullish momentum will strengthen APE’s price rally to $1.5 and beyond in the long run. As a result of the positive signals in APE’s market, the oversold Relative Strength Index (RSI) at 29.45 is pushing up to the neutral zone (between 30 and 70).

With APE’s overall market trend turning bullish, more traders and investors may be attracted to join the trade, thus boosting the coin’s price beyond expectations.

Nevertheless, it’s advisable to do in-depth research along with comprehensive technical analyses before making any crypto investment decisions.

But while APE sets for a massive price pump in the future, the new attractive meme crypto project, Wall Street Memes, is making tremendous movements ahead of its tier 1 exchange listing.

Wall Street Memes Sparks Positive Reactions as Tier-1 Exchange Listing Nears

Wall Street Memes, $WSM, has garnered massive attention from crypto investors due to its fundraising success. Since the token’s presale emerged, the online investment community has shown encouraging support as the ICO attained several mind-blowing milestones.

Wall Street Memes is built on the Ethereum blockchain with a staking program, which provides investors with earning opportunities. According to information from the project’s website, over 343 million $WSM tokens are staked with an annual percentage yield of 58%.

$WSM Presale Approaches Tier 1 Listing

The $WSM presale has recorded an incredible success rate since it started and is in the final stage, selling 1 $WSM for $0.0337.

The token will be launched on tier-1 crypto exchanges as its ICO ends in the next seven days, although the project’s team is yet to announce the crypto exchanges on which $WSM will be listed.

Investors willing to diversify the digital assets in their portfolios can consider adding $WSM by visiting the presale website.