Apecoin has led the crypto space on fire since its inception and after a brief consolidation, the token again surged displaying huge bullish momentum. Despite a slight pullback in the past couple of hours, the APE price is expected to pull a massive leg up. The price may again undergo a small consolidation which induces enough strength to reach the ATH at the earliest.
Apecoin (APE) Price Analysis
- The APE price flipped broke from the lower support close to $11 and ignited a slow yet steady uptrend towards $13
- After a small consolidation, the price surged with huge intensity by more than 30% since the early trading hours to hit $17
- Further, the price began consolidating and is experiencing a small pullback below $16 forming the flag of a huge bullish flag pattern
- The price is expected to consolidate for some time at these levels and eventually breakout to head towards the ATH and may hover around $20 at the earliest
Apecoin (APE) Technical Analysis
|Relative Strength Index(RSI||75.80||Neutral|
|Average Directional Index(ADX)||53.53||Neutral|
|Average True Range(ATR)||0.514||High Volatility|
|Moving Average (MA)- 50||$12.52|
|Moving Average (MA) -200||$12.15|
The RSI is ranging high and eventually could undergo a slight pullback soon. A notable buying volume has been accumulated and hence the price could maintain a strong uptrend. But the asset is highly volatile and hence a drastic flip may be imminent irrespective of the direction of the rally. Therefore, Apecoin’s (APE) price carries a bullish scenario despite the current accumulation.