Price Analysis Of APE On The Weekly Chart
From the chart, the price of APE saw a weekly low of around $3.10, which has formed support.
The price has built more momentum as it faces resistance at $10.
With a break above the $10 mark, the price of APE would rally to $12.
If the price of APE on the weekly chart fails to break the $10 mark, then a retest is bound at $6.7.
The volume shows decent buy bids, pushing the price of APE higher.
Weekly resistance for APE price – $10.
Weekly support for APE price – $6.7.
Price Analysis Of APE On The Daily (1D) Chart
The price of APE found strong support at around $3.4, with what seems to be the bottom on the daily chart.
APE has continued to rally above this support region of $3.4 to a high of $7.7, where it has faced resistance.
At the point of writing, the price of APE is at $7.4, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $6.2.
APE price would find support at $6.2, which corresponds with the daily 50 EMA if it drops due to weekend sell-offs.
If the 50 EMA region fails to hold the price, $5.2 would be a good support to hold sell-offs and for a possible bounce of APE price.
With more buy bids, we could see the price of APE retesting at $10, which has been resistance on the daily chart.
The volume also indicates positive signs for APE prices to trend higher.
Daily (1D) resistance for APE price – $7.7, $10.
Daily (1D) support for Apecoin (APE) price – $6.2, $5.2.
Price Analysis Of Apecoin On The Four Hourly (4H) Chart
The price of APE has shown great strength on the 4H chart after forming support at $4.22.
APE price has rallied from this region, forming a bullish uptrend channel on the 4H chart.
The price of APE was rejected at $9.10, which saw sell-offs.
The price of APE has formed an upward trendline after rallying from a low of $6.50.
Four Hourly (4H) resistance for APE price – $8, $10.
Four hourly (4h) support for APE price – $7, $6.1.
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