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The ApeCoin price prediction renews the bullish trend after crossing above the moving averages to touch the daily high at $1.21.
ApeCoin Prediction Statistics Data:
- ApeCoin price now – $1.18
- ApeCoin market cap – $439.2 million
- ApeCoin circulating supply – 368.5 million
- ApeCoin total supply – 1 billion
- ApeCoin Coinmarketcap ranking – #74
APE/USD Market
Key Levels:
Resistance levels: $1.60, $1.70, $1.80
Support levels: $0.80, $0.70, $0.60
APE/USD is likely to follow an upward move as the coin crosses above 9-day and 21-day moving averages. The ApeCoin price is currently hovering at $1.18 resistance after touching the daily high of $1.21. However, a possible bullish movement toward the upper boundary of the channel may keep the coin at the higher side.
ApeCoin Price Prediction: ApeCoin (APE) Crosses into the Higher Side
The ApeCoin price is at the time of writing recovering toward the resistance level of $1.25. The initial break above the 9-day and 21-day moving averages boosted the price up. However, the ApeCoin (APE) could create additional highs if the coin moves near the channel. Meanwhile, from above, more hurdles may come into play and of course, the nearest resistance level may be located at $1.50.
However, the trend could change to a bullish movement supported by the technical indicator where the Relative Strength Index (14) moves to cross above the 50-level, Meanwhile, if the buyers increase the pressure, the coin may hit the resistance levels of $1.60, $1.70, and $1.80 while a break below the lower boundary of the channel could lead to the supports of $0.80, $0.70, and $0.60 respectively.
APE/BTC May Consolidate Above the Moving Averages
Against Bitcoin, the ApeCoin price may consolidate to the upside, the bulls are now pushing the price toward the upper boundary of the channel; moving near this barrier could take the price to the resistance level of 5600 SAT and above.
However, if the coin decides to follow the downtrend, crossing below the 9-day and 21-day moving averages could bring the market price to the critical support level of 3200 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving above 40-level, suggesting more bullish signals into the market.
ApeCoin Alternatives
The ApeCoin price is seen trading in the green at the time of writing as the coin faces the upper boundary of the channel with a gain of 6.55%. However, the candle formation is currently following the upward movement but sliding below the 9-day and 21-day moving averages might position the market price toward the south.
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