24/7 Cryptocurrency News

APE Price Prediction: Channel Breakout Sets APE Rally To Hit $15.4

Published by
APE Price Prediction: Channel Breakout Sets APE Rally To Hit $15.4

The falling channel breakout outburst a new recovery rally for Apecoin(APE) price. Currently, the coin price trades at the $11.88 mark, indicating a 12.3% gain from the $10.5 support. The altcoin is approaching the next resistance at $12.6, preparing for a bullish breakout.

Advertisement

Key points: 

  • The APE price rebounded from the $10.58 support with a bullish engulfing candle 
  • The 20 and 50 EMA dynamic resistance switched to a viable support
  • The intraday trading volume in Apecoin is $978.65 Million indicating a 36% loss.

Source- Tradingview

The APE price gradually lowered over the last two weeks, responding to a falling channel pattern. As a result, the altcoin devalued by 31.5% and plunged to the $10.6 mark.

The altcoin rebounded from the bottom support on April 9th and gave a bullish breakout from the descending trendline of the channel pattern. The post-retest rally pierced through the shared resistance of $11.54 and 50 EMA, registering an 8.56% gain.

The rising bullish momentum would drive the APE price above the two following resistance levels, i.e., $12.6 and $13.7, before hitting the All-Time High resistance of $15.5.

However, the long traders may experience occasional pullback during the bull run, which simultaneously provides accumulation opportunities for maximizing gains.

Advertisement

Technical Indicator

EMAs: The early recovery rally has breached the two dynamics resistance levels of 20 and 50 EMA and converted them to suitable support levels.

MACD indicator: The MACD and signal lines present a quick upturn to the neutral line following a bullish crossover. The widespread area between these indicates strong bullish momentum.

  • Resistance levels: $12.6 and $13.7
  • Support levels: $11.5 and $10.5
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

Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?

The Bitcoin price continues to show renewed strength after breaking through a crucial chart structure…

October 6, 2025
  • Price Analysis

Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?

The Dogecoin price has recently shown renewed strength after a sustained period of consolidation. The…

October 5, 2025
  • Price Analysis

FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?

Floki price has drawn strong attention after recording a bullish daily surge of over 30%.…

October 4, 2025
  • Price Analysis

BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?

BNB Coin price has entered a powerful phase after breaking through a major resistance level…

October 4, 2025
  • Price Analysis

Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B

Aster price has recently shown strong signals on the chart, with a breakout from its…

October 3, 2025
  • Price Analysis

Will XRP Price Hit $5 if the SEC Approves ETFs This Month?

XRP price could be on the cusp of a big move in the coming weeks…

October 3, 2025