Price Analysis

Apecoin Price Analysis: APE Price Eyes 12% Jump With This Reversal

The Apecoin(APE) price triggers a bull cycle within a rising wedge pattern; however, is it safe to enter now?
Published by
Apecoin Price Analysis: APE Price Eyes 12% Jump With This Reversal

The Apecoin (APE) ongoing recovery aims for another upswing as the coin price shows reversal signs from the support trendline. Previously, such reversal usually drives the coin price to the overhead resistance, and thus, the same is expected this time. However, the price range between the two trendlines is narrowed enough to be considered a no-trading zone.

Advertisement

Key points:

  • The APE chart has lost 4.55% since last week
  • Long-tail rejection candle at the support trendline indicating high demand pressure
  • The intraday trading volume in Apecoin is $478.7 Million, indicating a 49% gain

Source- Tradingview

Over the past six weeks, the APE/USDT pair has been wobbling between the two converging trend lines indicating the formation of a rising wedge pattern. From the July 15th low of $3.09, the pattern has surged 130% higher and hit the $7.02 mark.

On August 10th, the APE price showed a 5.8% loss which attempted a bearish breakdown from the ascending trendline. However, the traders actively buying at this support trendline reverted the price immediately.

The long-tail rejection candle at the viable support level hints at reversal possibility. The resulting rally may soar prices by 18%, hitting the resistance trendline.

Though the current price action foretells a bullish reversal, in theory, this pattern triggers a considerable downfall once the price breaks the rising trendline. Thus, if sellers succeed, the APE price may tumble 25% and reach the $5.18 support.

However, until the pattern is intact, the APE  holder can maintain a bullish bias. In addition, a less likely but possible situation would give a bullish breakout of the pattern.

Advertisement

Technical Indicator

EMAs: the 100-day EMA wavering around $7.58 resistance puts additional selling pressure on traders. On the flip side, the 20-day EMA gives constant support to APE price.

RSI indicator: the daily-RSI slope wavering above the neutral line indicates the traders maintain a bullish sentiment for the coin. However, the slight divergence concerning the prior swing highs suggests the loss of bullish momentum and encourages wedge pattern breakdown.

  • Resistance levels: $7.58 and $9.1
  • Support levels: $6.63 and $5.61
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 Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds

Cardano price crash continued today, Oct. 30, after the Federal Reserve delivered a hawkish cut.…

October 30, 2025
  • Price Analysis

Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal

Bitcoin price dropped sharply, sliding 4% in the past 24 hours to $108,398. The decline…

October 30, 2025
  • Price Analysis

Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies

The Pepe Coin price has drawn renewed attention as analysts and whales hint at growing…

October 30, 2025
  • Price Analysis

Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?

Solana price remains resilient above the $190 mark, showing signs of bullish momentum despite recent…

October 30, 2025
  • Price Analysis

Pi Coin Price Targets $0.65 as ISO 20022 Membership Boosts Institutional Confidence

Pi coin price has rebounded strongly, breaking its multi-month descending structure and targeting the $0.65…

October 30, 2025
  • Price Analysis

Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level

Ethereum has overtaken Bitcoin in institutional treasuries, signaling a notable change in digital asset accumulation…

October 29, 2025