ApeCoin Price Prediction for Today, October 19 – APE Technical Analysis

The ApeCoin price prediction reveals that APE is moving bullishly with a gain of 2.28%, as the coin prepares for a bullish cross.

ApeCoin Prediction Statistics Data:

• ApeCoin price now – $1.09
• ApeCoin market cap – $413.5 million
• ApeCoin circulating supply – 368.5 million
• ApeCoin total supply – 1 billion
• ApeCoin Coinmarketcap ranking – #74

APE/USD Market

Key Levels:

Resistance levels: $1.50, $1.60, $1.70

Support levels: $0.75, $0.65, $0.55

APE/USD is seen trading in the green at the time of writing as the coin gets ready to cross above the 21-day moving average. According to the daily chart, the candle formation is currently following the upward movement but sliding below the 9-day MA might position the market price toward the south, and the closest support level is located around the $1.00 level.

ApeCoin Price Prediction: APE/USD May Spike to the Upside

The ApeCoin price is currently trading within the 9-day and 21-day moving averages. However, an increase toward the upper boundary of the channel could trigger intense buying to the resistance levels of $1.50, $1.60, and $1.70 respectively. On the contrary, the ApeCoin price may likely hold a support level at $1.00 which could be the daily low. Therefore, if the ApeCoin price drops below this support level, it may likely hit the closest support at $0.80.

Meanwhile, the critical supports could be located around $0.75, $0.65, and $0.55 if the selling volume increases. Nevertheless, the 9-day MA is below the 21-day MA but the market may gain more upwards if it heads to the upside.

APE/BTC May Begin the Bullish Movement

Against Bitcoin, the buyers are likely to push the ApeCoin price above the 21-day moving average. Meanwhile, from the upside, the nearest level of resistance lies near the upper boundary of the channel at 5000 SAT and above.

On the contrary; the nearest support could be located at 3500 SAT, if the price drops further to create a new low, lower support could be found at 2700 SAT and below. Meanwhile, if the 9-day MA crosses above the 21-day MA, this could be a confirmation that the market may follow the upward movement.

Alternatives to ApeCoin

The ApeCoin price is currently trading around the $1.09 level so that it may cross above the 21-day moving average. Meanwhile, in the range of the descending channel, the closest resistance could be located at $1.20, with a close resistance at $1.30. However, if the market increases, additional resistance can be found near the upper boundary of the channel.

Right now, traders are eyeing a remarkable crypto that has started making waves, and this crypto is no other than Bitcoin Minetrix. Just like several successful tokens, Bitcoin Minetrix has identified a critical problem, which is the expensive nature of mining Bitcoin and mining scams prevalent in the crypto space. At the moment, the token has raised over $1.77 million in the ongoing presale.