{"id":443803,"date":"2023-09-29T14:47:40","date_gmt":"2023-09-29T14:47:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=443803"},"modified":"2023-09-29T14:47:40","modified_gmt":"2023-09-29T14:47:40","slug":"apecoin-price-prediction-ape-climbs-30-outpacing-its-crypto-cousins","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/apecoin-price-prediction-ape-climbs-30-outpacing-its-crypto-cousins","title":{"rendered":"ApeCoin Price Prediction: APE Climbs 30% \u2013 Outpacing Its Crypto Cousins?"},"content":{"rendered":"

As of 9:02 a.m. EST, ApeCoin (APE) has seen its value increase by 5% over the past 24 hours, <\/span>trading at $1.22<\/span><\/a>. <\/span><\/p>\n

Additionally, APE has posted an 8% gain in performance over the past week.<\/span><\/p>\n

The recent price movements of APE indicate growing buying pressure. But can the token kickstart a significant rally to double its value shortly?<\/span><\/p>\n

Bull’s Pressure Could Force price to surpass Falling Wedge?<\/span><\/h2>\n
\"APE\/USD
APEUSD Chart Analysis. Source: Geckoterminal.com<\/figcaption><\/figure>\n

APE has been on a bearish trend, indicating a struggle between the bulls and the bears, resulting in the falling wedge trading pattern sustained since January 27. <\/span><\/p>\n

This means its price has consistently decreased over the period mentioned.<\/span><\/p>\n

However, positive strides were recorded this week as APE overturned the downward trend. It now trades above a support level of $1.07, indicating a potential shift in the trend.<\/span><\/p>\n

Moreover, the bulls must overcome the 50-day and 200-day moving averages, which immediately resist the APE price.<\/span><\/p>\n

Furthermore, the relative strength index shows upward momentum, trading at 47, indicating a neutral position for the price of APE. If the bulls sustain, the surge could see the RSI hit the overbought region of 70.<\/span><\/p>\n

Based on this analysis, APE can potentially rebound if more buyers join the market and fly the price above the falling wedge. <\/span><\/p>\n

If more buyers enter, APE could climb further to the previous resistance level at $2.14, representing an 87.6% increase from the current value. <\/span><\/p>\n

Furthermore, if the momentum continues, the market could reach the next critical point at $3.35. <\/span><\/p>\n

While we anticipate APE’s price trajectory, investors can explore projects with promising outcomes. TG.Casino is one such coin, currently in the initial phase of its presale.<\/span><\/p>\n

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