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CATEGORY: apeusdt


Sep 10, 2022 12:05

ApeCoin Breaks Out With Degen Play Activated, Can $7.5 Be The Target?

The price of ApeCoin (APE) has recently struggled against tether (USDT) after seeing its price rejected from $7.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including ApeCoin (APE). (Data from Binance) Related Reading: Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal ApeCoin (APE) Price Analysis On The Weekly Chart  The price of APE has had a difficult time replicating its bullish move that saw the price rally to $7.5 in recent months as the price rallied with a good bullish sentiment.  After falling from an all-time high of $27.5, APE has struggled to stay afloat as the price fell to a low of $4. APE price has formed good support at $4 with what looks like an area of interest for buyers and investors. The price of APE closed the week with indecision between the buyers and sellers; with the new week looking more bullish, this shows strength to recover, and with this momentum from APE, we could see the price revisiting the $7.5 mark where it will face resistance to trend higher. The price of APE is faced with resistance as the price of APE is unable to trend higher in price; if APE flips this region, we could see the price going to a region of $7.5 and even higher. Weekly resistance for the price of APE – $7.5. Weekly support for the price of APE – $4.5. Price Analysis Of APE On The Daily (1D) Chart APE saw its price rejected from $7.5 as the price fell to a low of $4; the price of APE bounced from this after form support to hold off sell orders. The price of APE rallied from the low of $4 to $5.1, where it was faced with resistance to breaking above $5.4. After forming a bullish symmetric triangle and breaking out from a downtrend line, the price of APE broke out with strong bias as the price could be set at $7.5. A close of APE above $5.5 could see the price rally higher after showing bullish movements. The price of APE trades at $5.1, trying to break and hold above the 50 Exponential Moving Averages (EMA) on the daily timeframe. The price at $5.5 corresponds to the 50 EMA acting as resistance to the price of APE. APE needs to break above the 38.2% Fibonacci retracement value acting as resistance for the price of APE. If APE breaks and closes above this region, we could see the price going to $7,5. Daily resistance for the APE price – $5.5. Daily support for the APE price – $4. APE Price Analysis On The Four-Hourly (4H) Chart The price of APE in the 4H timeframe continues to look bullish after breaking out of a symmetric triangle with bullish signs; the price trades retested below the 200 EMA; flipping the 200 EMA acting as resistance for the APE price would mean more bullish sentiment.  APE price trades above the 50 EMA, with the price corresponding to $4.7 acting as a support area for the price of APE. On the 4H chart, the Relative Strength Index (RSI) for APE is below 75, indicating high buy order volume for the APE price. Four-Hourly resistance for the APE price – $5.5. Four-Hourly support for the APE price – $4.7-$4. Related Reading: Why The Ethereum Price Could Rally Above $1,800 Before A Big Crash Featured Image From Capital, Charts From

Aug 06, 2022 12:05

TA – Apecoin Price Rallies Ahead Of The $10 Mark

The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. The price has built more momentum as it faces resistance at $10. With a break above the $10 mark, the price of APE would rally to $12. If the price of APE on the weekly chart fails to break the $10 mark, then a retest is bound at $6.7. The volume shows decent buy bids, pushing the price of APE higher. Weekly resistance for APE price – $10. Weekly support for APE price – $6.7.   Price Analysis Of APE On The Daily (1D) Chart The price of APE found strong support at around $3.4, with what seems to be the bottom on the daily chart. APE has continued to rally above this support region of $3.4 to a high of $7.7, where it has faced resistance. At the point of writing, the price of APE is at $7.4, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $6.2.  APE price would find support at $6.2, which corresponds with the daily 50 EMA if it drops due to weekend sell-offs. If the 50 EMA region fails to hold the price, $5.2 would be a good support to hold sell-offs and for a possible bounce of APE price. With more buy bids, we could see the price of APE retesting at $10, which has been resistance on the daily chart. The RSI for APE price on the daily chart is above 65, indicating healthy buy bids for APE. The volume also indicates positive signs for APE prices to trend higher. Daily (1D) resistance for APE price – $7.7, $10. Daily (1D) support for Apecoin (APE) price – $6.2, $5.2. Price Analysis Of Apecoin On The Four Hourly (4H) Chart The price of APE has shown great strength on the 4H chart after forming support at $4.22.  APE price has rallied from this region, forming a bullish uptrend channel on the 4H chart. The price of APE was rejected at $9.10, which saw sell-offs. APE price is $7.4, trading above the 50 & 200 EMA with prices of $7 and $6.1 on the 4H chart. These prices would act as support areas for APE on the 4H chart. The price of APE has formed an upward trendline after rallying from a low of $6.50.   Four Hourly (4H) resistance for APE price – $8, $10. Four hourly (4h) support for APE price – $7, $6.1. Related Reading: Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10 Featured image from NFT News Pro, Charts from TradingView.com

Mar 16, 2023 10:30

ApeCoin Investors Brace For Price Volatility Ahead Of 4% Supply Release

ApeCoin, a decentralized cryptocurrency that operates on the Ethereum blockchain, recently announced a 1-month linear unlock of 4% of its total token supply. The unlock event could cause significant price volatility for the token, as some investors may sell them in anticipation of a price drop. This could lead to a sharp decline in the [...]

The post ApeCoin Investors Brace For Price Volatility Ahead Of 4% Supply Release appeared first on Crypto Breaking News.

Nov 01, 2024 05:50

ApeCoin Holds Steady At Key Level Can A Rebound Follow?

ApeCoin is holding steady at the crucial $1 support level, fueling speculation on whether the bulls are ready for a comeback as it maintains its position above this key mark. Recent bearish pressure has driven the token to a point where a recovery might be on the horizon, yet the critical question is: can buyers [...]

The post ApeCoin Holds Steady At Key Level Can A Rebound Follow? appeared first on Crypto Breaking News.

Oct 24, 2024 12:05

ApeCoin Faces Strong Resistance As Bears Seize Control At $1.755

ApeCoin is facing a tough setback as bearish momentum intensifies, with the price hitting a strong resistance at $1.755. After an attempt to push higher, the bulls have lost ground, allowing the bears to take control and halt the upward movement.  Particularly, this key resistance level has emerged as a significant barrier, signaling a potential shift in market dynamics. With pessimistic pressure mounting, ApeCoin’s future direction hangs in the balance, as traders look for signs of whether the bulls can stage a recovery or if the bears will drive prices lower in the coming days. This article analyzes ApeCoin’s struggle against strong resistance at the $1.755 level, focusing on how the bears have gained control of the market. It explores the factors driving the current bearish strength, examines key support and resistance levels, and assesses the likelihood of further downside pressure or a potential bullish recovery.  Bearish Momentum Builds As ApeCoin Hits Key Resistance Recently, APE’s price has turned bearish on the 4-hour chart, pulling back towards the $1 mark and the 100-day Simple Moving Average (SMA) after encountering strong resistance at $1.755. This retracement marks a notable shift in momentum, as the bulls failed to maintain their upward push, allowing bears to take control. An analysis of the 4-hour Relative Strength Index (RSI) reveals a significant decline, with the signal line dropping to 49% from its previous peak of 92%. Typically, a fall below the critical 50% threshold suggests that bears are gaining control of the market, possibly leading to more downside if the RSI continues to trend lower. Related Reading: Is Apecoin On Your Radar? APE Soars By 30% In 48 Hours, Signaling A Potential Bull Run Also, the daily chart for ApeCoin shows increasing negative sentiment, with negative candlesticks and a decline toward the 100-day SMA, reflecting rising selling pressure as ApeCoin struggles to hold higher levels. If bulls don’t defend the current support, additional declines are possible, making the 100-day SMA a critical level to watch for either a potential reversal or continued downward movement. Finally, on the 1-day chart, the RSI has fallen to 65%, down from its previous position in the overbought zone suggesting that buying pressure has eased and that the market could be entering a period of consolidation or possible pullback. Support Levels To Watch Amidst Bears Control As bearish momentum strengthens, key support levels become crucial in determining ApeCoin’s next move. The first level to watch is the $1 mark, a psychological and technical support that could help prevent further declines for ApeCoin. Related Reading: Is Apecoin On Your Radar? APE Soars By 30% In 48 Hours, Signaling A Potential Bull Run Meanwhile, if bears push the price below this, the next significant support lies around $0.66. A break below these levels could lay the groundwork for additional losses, as sellers would likely increase pressure. However, if APE’s bulls manage to stage a recovery at the $1 support level, the price of ApeCoin could begin to rebound toward the $1.755 resistance. A successful breakout above this resistance could pave the way for more upward movement, potentially targeting the $2.1 level and beyond, signaling a stronger bullish resurgence. Featured image from Adobe Stock, chart from Tradingview.com

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