APE price surged fiercely on Saturday wiping out all the previous day’s losses. The bulls make a strong comeback giving the signals that upside momentum is strongly inhibited in the price action. Investors can expect APE to further push higher and forms a new demand zone on the daily chart.
- APE price is set to explode further as the strong bullish momentum is here to stay.
- We expect a jump toward $28.0 as the next upside run on the daily chart.
- The downside seems capped near $19.0 which constitutes three session’s lows.
As of publication time, APE/USD is trading at $22.90, up 27% for the day.
APE price continues to move north
On the daily chart, the APE price is continuously traveling north after harboring a strong support zone around $10.90. The price rapidly picked up the momentum since April 19 and logged the exponential gains. APE registered a growth of 145% in less than two weeks making the investors rich. The strong green candlestick indicates the continuation of the upside momentum in the price.
On moving further higher, the APE buyers would first take out the record highs of $27.78 made on Friday. A sustained buying pressure would fuels the next leg up toward $28.0, a fresh all-time high for the coin.
On the contrary, a shift in the bearish sentiment would neglect any bullish arguments in the asset. In that case, the first downside target could be found at $20.0, a mid-way point. A daily close below $19.0 could expect away toward $16.0.
RSI: The Relative Strength Index (RSI) pierced above the average line on April 30 indicating scope for further upside. It reads at 66 still far from the over-heating market condition.
ADX: The Average Directional Index suggests the underlying bullish sentiment in the price.
- Are Hedge Funds Planning USDT Dump? Tether CTO Responds To Rumors
- Here’s Why Apecoin (APE) Price Is Skyrocketing Today
- Crypto Prices Falling Despite “Buy The Dip” Sentiment, Data Reveals Why
- Institutional Traders Dumped Bitcoin At A Record Pace Last Week
- Terra USTC Jumps 300%; Lands Back In Top 100 Cryptos
- Ripple’s EX CTO Dumps 40 million XRP tokens In Last 10 Days
- Dogecoin Soars 35%, Here’s Why Breaking This Level Is Crucial
- Crypto Lender Nexo Denies Fraud, Issues Cease And Desist Notice
- Ethereum (ETH) Price Rise and Stability Pulls Broader Crypto Market to $1 Trillion
- Scoop: This Hedge Fund Is Trying To Bailout BlockFi To Counter FTX
- Stacks Price Analysis: Reversal Within Wedge Pattern Eyes $0.3 Support
- Tezos Price Analysis: XTZ Rebounds from Yearly Support; is it a good buy?
- Tron Price Analysis: Triangle Pattern Governs the TRX Price Action; Should Coin Holders Worry?
- Dogecoin Price Analysis: DOGE Winning Streak Aims to Reclaim $0.077
- Apecoin Price Analysis: Reversal Pattern Sets 21% Rise in APE Price
- Ethereum Price Analysis: Will ETH Relief Rally Revert From $1300?
- Bitcoin Price Analysis- Higher Price Rejection Hints BTC to Retest $20000
- SHIB Price Analysis: Overhead Supply Pressure Hints SHIB to Retest $0.00001
- Avalanche Price Analysis: Will The AVAX Breakout Rally Reach $30?
- Sandbox Price Analysis: U-shaped Recovery could Lead SAND above $1.5