ApeCoin (APE) Price Prediction 2023 — Will APE Hit $8 Soon?
- Bullish APE price prediction is $4.273 to $9.477.
- ApeCoin (APE) price might also reach $8 soon.
- APE bearish market price prediction for 2023 is $2.808.
In ApeCoin (APE) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about APE to analyze the future movement of the cryptocurrency.
ApeCoin (APE) Current Market Status
| Current Price | $4.15 |
| 24 – Hour Trading Volume | $141,468,173 |
| 24 – Hour Price Change | 4.0% up |
| Circulating Supply | 361,250,000 |
| All – Time High | $26.70 (On April 28, 2022) |
What is ApeCoin (APE)?
ApeCoin (APE) is the native utility token of the APE ecosystem. It is an ERC-20 token created and managed by ApeDAO since its launch in March 2022. ApeCoin has become a famous metaverse token linked with the viral Bored Ape Yacht Club (BAYC) NFTs and Otherside metaverse.
ApeCoin (APE) is the primary governance token that grants users voting rights in its native DAO. APE holders participate in the network’s governance proposals. APE, deployed as a decentralized payment token across several web3 dApps. Developers and users gain access to the built-in services within the APE ecosystem. Also, ApeCoin (APE), allocated as an incentive to reward developers who contribute to the network’s development.
ApeCoin (APE) Price Prediction 2023
ApeCoin (APE) holds the 32nd position on CoinGecko right now. APE price prediction 2023 is explained below with a daily time frame.
The above chart of ApeCoin (APE) laid out the descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, ApeCoin (APE) is in the range of $3.93. If the pattern continues, the price of APE might reach the resistance levels of $4.619, $6.282 and $7.606. If the trend reverses, then the price of APE may fall to $2.668.
ApeCoin (APE) Support and Resistance Levels
The chart below shows the support and resistance levels of ApeCoin (APE).
From the above daily time frame, we can interpret the following as the resistance and support levels for ApeCoin (APE).
| Resistance Level 1 | $4.273 |
| Resistance Level 2 | $6.058 |
| Resistance Level 3 | $9.477 |
| Support Level | $2.808 |
The charts show that ApeCoin (APE) has performed a bullish trend over the past month. If this trend continues, APE might run along with the bulls overtaking its resistance level at $9.477
Accordingly, if the investors turn against the crypto, the price of ApeCoin (APE) might plummet to almost $2.808, a bearish signal.
ApeCoin (APE) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of ApeCoin (APE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of APE lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of ApeCoin (APE) is shown in the chart above. Notably, the ApeCoin (APE) price lies slightly above 50 MA (short-term), so it is in an uptrend. Currently, APE is in a bullish state. Therefore, there is a possibility of a reversal trend of APE at any time.
Meanwhile, the relative strength index (RSI) of the APE is 57.18. This means that ApeCoin (APE) is neither in an oversold or overbought state. However, this means a major price reversal of APE may occur in the upcoming days. So, traders need to trade carefully.
ApeCoin (APE) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of ApeCoin (APE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of ApeCoin (APE). Currently, the ADX of APE lies in the range of 13.388, so it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of the ApeCoin (APE). RVI measures the constant deviation of price changes over a period of time. The RVI of APE lies above 50, indicating high volatility. In fact, the RSI of the ApeCoin (APE) is at 57.18, thus confirming a potential buy signal.
Comparison of APE with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and ApeCoin (APE).
From the above chart, we can interpret that the price action of APE is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of APE also increases or decreases respectively.
ApeCoin (APE) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Apecoin (APE) between 2024 and 2030.
ApeCoin (APE) Price Prediction 2024
With several upgrades in the network, ApeCoin (APE) might enter a bullish trajectory. If the coin grabs the attention of major investors, APE might rally to hit $11 by 2024.
ApeCoin (APE) Price Prediction 2025
If ApeCoin (APE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, APE would rally to hit $14.
ApeCoin (APE) Price Prediction 2026
If ApeCoin (APE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, APE would rally to hit $17.
ApeCoin (APE) Price Prediction 2027
If ApeCoin (APE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, APE would rally to hit $20.
ApeCoin (APE) Price Prediction 2028
If ApeCoin (APE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, APE would hit $23 in 2028.
ApeCoin (APE) Price Prediction 2029
If investors flock in and continue to place their bets on ApeCoin (APE), it would witness major spikes. APE might hit $26 by 2029.
ApeCoin (APE) Price Prediction 2030
With greater advancements in the APE Protocol, the crypto community might continue to invest in APE for the next 8 years and drive significant price rallies for the token. Hence, ApeCoin (APE) might hit $29 by 2030.
Conclusion
With continuous improvements in the ApeCoin network, we can say that 2023 is a good year for APE. For this reason, the bullish price prediction of ApeCoin (APE) in 2023 is $9.477. On the other hand, the bearish price prediction of ApeCoin (APE) for 2023 is $2.808.
Furthermore, with the advancements and upgrades to the ApeCoin ecosystem, the performance of APE would help to reach above its current all-time high (ATH) of $26.70 very soon. But, it might also reach $8 if the investors believe that APE is a good investment in 2023.
FAQ
ApeCoin (APE) is a famous metaverse token associated with Bored Apes Yacht Club (BAYC) NFTs. This ERC-20 token is the utility token of the APE ecosystem and a payment token deployed across web3 dApps.
ApeCoin (APE) has been listed on many crypto exchanges which include Binance, WhiteBIT, Coinbase Exchange, OKX, KuCoin and Huobi Global.
With the ongoing developments and upgrades within the platform, APE has a high possibility of reaching its ATH soon.
On April 28, 2022, ApeCoin (APE) reached its new all-time high (ATH) of $26.70.
ApeCoin (APE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of the APE Protocol in the past few months, APE is considered a good investment in 2023.
ApeCoin (APE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues the ApeCoin (APE) will hit $8 soon.
ApeCoin (APE) price is expected to reach $11 by 2024.
ApeCoin (APE) price is expected to reach $14 by 2025.
ApeCoin (APE) price is expected to reach $17 by 2026.
ApeCoin (APE) price is expected to reach $20 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/apecoin-ape-price-prediction-2022-will-ape-hit-30-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
