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The ApeCoin price prediction may lose ground toward $0.90, but the recovery above $1.13 could help mitigate the initial pressure.
ApeCoin Prediction Statistics Data:
- ApeCoin price now – $1.02
- ApeCoin market cap – $768.69 million
- ApeCoin circulating supply – 752.65 million
- ApeCoin total supply – 1 billion
- ApeCoin Coinmarketcap ranking – #84
Entering a crypto project early can offer great rewards, and ApeCoin’s recent price movements underscore its potential. Although it has fallen 97.35% from its all-time high of $39.40 in March 2022, the token recently rebounded 116.48% from an all-time low of $0.4826 in August 2024. This recovery may signal renewed interest and potential future gains, making now an intriguing time for those looking to capitalize on early investment opportunities.
APE/USD Market
Key Levels:
Resistance levels: $1.65, $1.70, $1.75
Support levels: $0.62, $0.57, $0.52
APE/USD has been experiencing notable price fluctuations, with the $0.99 level proving to be a strong support area, which briefly pushed the price upward. Breaking through the $1.10 resistance sparked some short-term momentum, largely due to the liquidation of short positions. However, the rally lacked sufficient volume and momentum to establish a lasting bullish trend, indicating the need for more consistent buying pressure to support sustained growth.
ApeCoin Price Prediction: What could be the Next Move for APE?
The ApeCoin price would need to rise and break above the 9-day moving average, but if the sellers push lower, traders can expect very strong support at $0.80; this could then be followed up with support at $0.70. If the bears push further below this support, then additional supports may be located at $0.62, $0.57, and $0.52.
Meanwhile, for APE to rally, it needs fresh momentum, possibly through increased transaction activity on APE Chain or a broader market uptrend. Without such catalysts, APE’s outlook remains bearish to neutral, with further consolidation or gradual declines more likely in the short term. Any substantial changes, such as an increase in APE Chain’s utility or a broader market shift, could provide the boost needed to initiate an uptrend as this could then be followed by the resistance levels of $1.65, $1.70, and $1.75.
APE/BTC Could Head to the South
Against Bitcoin, the ApeCoin price keeps trading as the coin moves within the 9-day and 21-day moving average. However, APE/BTC is currently trading at 1473 SAT, as the coin retreats from the daily high at 1661 SAT. Meanwhile, if the price drops below the 21-day moving average, the next support may come at 800 SAT and below.
Moreover, any bullish cross above the 9-day moving average may push the market to the upside, which could locate the resistance level of 2450 SAT and above. Meanwhile, if the sellers fail to push the price to the north, it is likely that the buyers will return to the market.
On X (formerly Twitter), @Stefan_B_Trades advised his followers that it’s a favorable time to go long on $APE, signaling a bullish outlook for the asset. His recommendation highlights growing optimism around $APE’s performance, suggesting potential upward momentum in the current trading landscape.
$APE Long it's now on. https://t.co/qjDRW2PFVr pic.twitter.com/1VM9YuKdkd
— StefanB (@Stefan_B_Trades) October 28, 2024
Alternatives to ApeCoin
The ApeCoin price may need to undergo a much-needed break to the positive side as the 9-day MA remains above the 21-day MA. At the moment, the coin is currently posting gains as it touches the daily high at $1.12 within the chart. However, as the coin moves within the channel, it could hit the nearest support level at $0. if the sellers increase the pressure. In the meantime, Pepe Unchained is emerging as a prominent Layer 2 blockchain platform within the meme coin sector, drawing notable investor interest, including a recent 23.4 ETH investment (approximately $558,500). With over $23 million secured in its pre-sale, Pepe Unchained is also utilizing “Friends with Benefits” grants to attract leading developers, aiming to build a sustainable and growth-focused ecosystem.
Pepe Unchained Could Be The Next Major Meme Coin To Explode, Do Not Miss Out
Pepe Unchained’s innovative approach contrasts with other meme coin projects by prioritizing tangible utility and ecosystem growth. While meme coins generally face skepticism, the project’s strategic layer-2 developments may position it uniquely in the market. The current Crypto Fear & Greed Index sits near 59, suggesting rising market optimism, although still cautious.
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