APE Price Prediction: RSI Divergence Teases Upcoming Pullback In APE
The post-correction rally has surged the Apecoin(APE) price by 25%, bringing it to $17 resistance. The buyers attempt to breach the overhead resistance; however, a negative divergence in the RSI chart undermines the bullish momentum.
Key points:
- A possible breakout could surge the APE coin by another 8%
- The Daily-RSI chart displays an evident bearish divergence
- The intraday trading volume in Apecoin is $1.95 Billion indicating an 80% gain.
Source- APE/USD chart by Tradingview
On April 20th, the Apecoin witnessed a massive pump amid the announcement of an upcoming metaverse called Otherside. The coin registered a 24.6% intraday gain and tagged the $17 mark.
However, the APE chart displays multiple higher price rejection candles at that resistance, suggesting the buyers were exhausted from the sudden rise. The sellers eventually pull the price lower, offering a minor correction phase.
The pullback discounted the Ape price by 18% and plunged to the $13.8 support. However, with the rising popularity of Apecoin among whales, the coin price rebounded from this support and reached the $17 mark again.
With an 80% pump in trading volume, the APE buyers attempted a bullish breakout from 17%. If they succeed, the coin price will surge to the $18 mark, followed by a $20 psychological level.
Technical Indicator
Relative Strength Index- The RSI slope barely escaped from falling into the bearish territory and reverted immediately. The indicator shows a relatively short rally which reflects a bearish divergence concerning the April 20th peak.
This divergence suggests the APE/USDT pair may wetness another correction.
EMAs- The crucial EMAs(20, 50, 100) rise under a bullish sequence, indicating a strong bull trend. These EMAs could provide strong support during the occasional pullbacks.
- Resistance levels: $17 and $18
- Support levels: $11.5 and $10.5
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH
- Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown
- FLOKI Makes History With First ETP in Europe as Price Surges 30%
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
