Price Analysis

Apecoin Price Analysis: Bulls Aims For 30% Upswing Amid Sustained Buying

Published by
Apecoin Price Analysis: Bulls Aims For 30% Upswing Amid Sustained Buying

Apecoin price trades higher following a previous day’s downside movement. The buyers emerge near the lower level indicating the underlying sentiment is in favor of the bulls. The price has shifted its sentiment from being overly bearish to optimistic.

  • APE price prints modest gains on the weekend.
  • A sustained buying momentum could extend to significant levels between $8.00 and $10.00.
  • However, a candlestick below $6.10 would invalidate the bullish outlook.

The token surged more than 35% in the week. After falling to its all-time low in June at $3.05, the price is being up 123% since then.

As of press time, APE/USD is exchanging hands at $6.35, up 2.37% for the day.

Advertisement

APE depicts bullish momentum

Source: Trading view

On the daily chart, the APE price formed a bullish ‘Cup and Handle’ pattern frame, a bullish continuation pattern. The price traded above the 50-day EMA (Exponential Moving Average) at $5.64. Apecoin’s price has breached a one-month high of $6.40, which points to the aggressive buying pressure.

 A sustained buying from the buyers could push the price above the swing high of $6.93. Next, the bulls would try to attempt to test the $8.0 mark. This would fuel another round of buying interest and would aim for the psychological $10.0 level.

However, it should be noted that before turning to a fresh bull journey, a minor pullback could be expected. As the declining volumes near the higher levels signify distribution.

Source: Trading view

On the hourly chart, as per the Eliot wave theory, the APE  price has formed a classic higher rise and higher loss by making 5 moves on higher sites. According to Eliot wave theory, the ABC pattern is under formation. This indicates a correction in the price toward the $6.0 level.

According to the momentum oscillators,  MACD and RSI, APE trades with a neutral bias.

Advertisement

Conclusion:

Any correction in Apecoin could be a valid entry point for higher targets of $8.0 and $10.0.

Advertisement

Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

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