APE Price Prediction: APE Price Continues The North March To $15.6

By Brian Bollinger
April 13, 2022 Updated April 13, 2022
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APE avoids broader market weakness

The post-retest rally of falling channel breakout surged the Apecoin(APE) price by 18%. The new bullish rally sliced through $11.5 and $12.6 resistance, indicating the buyers are attempting for another leg higher. The post retest rally would surge APE price by 8% to $13.6

Key points: 

  • The 20 and 100 SMA are poised for a bullish crossover
  • APE buyers could expect the next supply region at $13.6
  • The intraday trading volume in Apecoin is $739.4 Million indicating a 20.57% gain.

TradingView ChartSource-  Tradingview

On April 8th, the APE/USDT pair escaped a two-week correction phase with a bullish breakout from the channel pattern. The breakout rally pivoted from the $12.4 local resistance and plunged to retest the breached resistance at $10.56.

Responding to bullish RSI divergence, the APE price rebounded from the bottom support with a morning star candle pattern. The new recovery breached the previous swing’s high resistance of $12.4, symbolizing an upcoming bullish trend.

If buyers sustain this bullish breakout, the altcoin will rise 8% to the $13.56 resistance. Anyhow, the channel breakout should lead the APE price to the March 28th peak resistance at $15.6.

On a contrary note, if buyers failed to sustain above the $12.4 mark, the altcoin would retest the $10.56 bottom support.

Technical Indicator

EMAs: The rising 20 EMA slope gives a bullish crossover to the 50 EMA and is on the verge of crossing above the 100 EMA as well. These crossovers provide additional confirmation for buyers.

Vortex indicator: the sudden spread between the VI+ and VI- slope reflects aggressive buying from traders.

  • Resistance levels: $12.3 and $13.7
  • Support levels: $11.5 and $10.5

From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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