Apecoin Price Prediction: APE Price Rebounds From $9.26 Mark; Can It Break $10.6 Resistance?

Published by
Apecoin Price Prediction: APE Price Rebounds From $9.26 Mark; Can It Break $10.6 Resistance?

The creators of one of the most famous NFT series, Bored Ape Yacht Club, have recently launched their own token and DAO. The utility token will be used to empower the DAO and make in-game purchases and other activities. Moreover, Time Magazine recently announced that they would be accepting subscription payments in the form of Apecoin.

Let us study the technical chart of the APE/USD pair to understand price behavior.

Source- Tradingview

Advertisement

Past Performance

The parabolic rally in the APE/USDT pair has surged the price to an $18 psychological level on March 18th. The long-wick rejection attached to those candles suggested the sellers are aggressively defending this level.

The resulting bearish reversal tumbled altcoin by 28.27%, bringing it to the immediate support of $12.9. On March 19th, the altcoin resonated between the $14.58 and $12.9 level, creating a narrow range.

Advertisement

Technical analysis

The minor consolidation ended in favor of the bear as the price breached the $12.9 bottom support. The gradual selling continued the correction rally and dumped it by another 25% to the $9.2 mark.

However, the long-tail rejection at this support suggested the investors are interested in this dip. A bullish breakout from the $10.8 resistance would provide a recovery opportunity for traders.

Contrary to the bullish thesis, if sellers violate the $9.2 bottom support as well, the short-sellers can expect the next target to $7.35.

Indicators

The declining 20-and-50 EMA put the sellers at a greater advantage. These EMAs would act as a valid resistance level, assisting the sellers in defending the $10.6 resistance.

However, the RSI indicator slope rebounded from the oversold region and has breached the 14-SMA dynamic resistance.

  • Resistance level: $10.8 and $12.58
  • Support levels: $7.35 and $9.2
Advertisement

Share
Brian Bollinger

From the past 5 years I am 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. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout

Cardano price continues to draw fresh attention as the market shows signs of renewed strength.…

October 2, 2025
  • Price Analysis

BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes

BONK price has drawn attention once again as its chart structure hints at renewed interest…

October 1, 2025
  • Price Analysis

Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth

Shiba Inu price has crashed in the past few months, moving from a high of…

October 1, 2025
  • Price Analysis

XRP Price Prediction After Ripple CTO David Schwartz Resigns

XRP price has shown renewed strength in the last 24 hours, recording a modest daily…

October 1, 2025
  • Price Analysis

SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism

SUI price has once again found strength at its ascending support, creating expectations for another…

October 1, 2025
  • Price Analysis

Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?

Chainlink price has attracted fresh attention after recent analyst insights highlighted key technical patterns. The…

September 30, 2025