The ApeCoin price prediction shows that APE is ranging above the 9-day and 21-day moving averages at the time of writing.
ApeCoin Prediction Statistics Data:
ApeCoin price now – $5.62
ApeCoin market cap – $1.7 billion
ApeCoin circulating supply – 306.8 million
ApeCoin total supply – 1 billion
ApeCoin Coinmarketcap ranking – #33
Resistance levels: $8, $9, $10
Support levels: $4, $3, $2
APEUSD – Daily Chart
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APE/USD is trading at $5.62 as the coin keeps moving within the channel and above the 9-day and 21-day moving averages, indicating an indecisive movement in the market. For the time being, the ApeCoin price is heading towards the support level of $5.5 as the trading volume is issuing a sell signal, while the technical indicator confirms the bearish movement.
APE Price May Head to Downside; TAMA Trades Positively
At the time of writing, the ApeCoin price is still at the downside as bulls couldn’t push the coin to the upside. Therefore, if the sellers increase the pressure and bring the ApeCoin price below the support level of $5.5, it is likely that the coin create a new low in the next negative direction.
However, any bullish movement towards the upper boundary of the channel could lead the market to crucial resistance levels at $8, $9, and $10. Meanwhile, if the coin slides below the moving averages and heads toward the lower boundary of the channel, the APE price could reach the critical supports at $4, $3, and $2 as the technical indicator Relative Strength Index (14) nosedives below the 60-level.
Against Bitcoin, the ApeCoin is trading with a bearish candle above the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) is moving above the $60-level, which could push the coin towards the upper boundary of the channel. Any further bullish movement may likely hit the resistance level of 3800 SAT and above.
APEBTC – Daily Chart
However, any form of retreat could bring the coin to the support level of 2500 SAT and below. But buyers may need to gather enough momentum to push the market price to the north. For now, APE/BTC is moving averagely and may start rising once the technical indicator spike to the upside.
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