ApeCoin Price Prediction for Today, July 19: APE/USD Could Reach $2.50 Level

Updated: 19 July 2023

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The ApeCoin price prediction reveals that APE could break above the 21-day moving averages to increase the bullish movement within the channel.

ApeCoin Prediction Statistics Data:

ApeCoin price now – $2.03
ApeCoin market cap – $751.3 million
ApeCoin circulating supply – 368.5 million
ApeCoin total supply – 10 billion
ApeCoin Coinmarketcap ranking – #54

APE/USD Market

Key Levels:

Resistance levels: $2.85, $2.95, $3.05

Support levels: $1.40, $1.30, $1.20

ApeCoin Price Prediction for Today, July 18: APE/USD Could Reach $2.50 Level — APEUSD – Daily Chart

APE/USD could refresh to a new high after touching the daily low of $1.97 to touch the daily high at $2.09 as the coin currently trades at $2.03 with a bullish movement in the intraday. Today, the ApeCoin price could begin to head toward the 9-day and 21-day moving averages as higher support is expected at the $1.70 level.

ApeCoin Price Prediction: APE/USD Price May Explode

For the ApeCoin price, parallel trade can only take over if the $2.50 subsidy is maintained at all costs. Currently, the technical indicator Relative Strength Index (14) is moving to cross the 50-level at the moment by sending bullish signals which can finally encourage more buyers to enter the market.

Meanwhile, if the 9-day MA crosses above the 21-day MA, the coin may continue to do well and the price could hit the resistance levels at $2.85, 2.95, and $3.05 respectively. Moreover, if the technical indicator decides to make a quick turn back to the lower side, there may be a quick bearish drop which may likely roll the market down to the support levels of $1.40, $1.30, and $1.20.

When compares with Bitcoin, ApeCoin is trading within the 9-day and 21-day moving averages as the price prepares for a bullish movement. However, for the fact that the market remains within the channel, it seems to be moving to cross above the 9-day moving average.

Moreover, if the buyers push the market price above the moving averages, APE/BTC may likely touch the resistance level of 9500 SAT and above. On the contrary, higher selling pressure may likely cancel the bullish pattern and this could attract new sellers coming into the market with the next focus on 4400 SAT and below while the technical indicator Relative Strength Index (14) remains above the 40-level.

ApeCoin Alternatives

The ApeCoin price is currently trading around the $2.03 level within the 9-day and 21-day moving averages. In the range of the descending channel, the closest resistance could be located at $2.50. Meanwhile, if the market increases, additional resistance can be found above the upper boundary of the channel.

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