- ApeCoin was trading at $4.18 with a decrease of 0.72% during the intraday trading session at press time.
- The 24-hour low of APE was $4.16 and the 24-hour high of APE was $4.22.
- The current ApeCoin token price is below 20, 50, 100, and 200-Day EMAs.
The pair of APE/BTC was trading at 0.0001498 BTC with a dip of 0.25% over the intraday trading session.
Starting from the beginning of 2023, the APE coin showed an upward trend and surpassed both its primary and secondary resistance levels. However, when the APE coin exceeded its secondary resistance at $6.018, the market saw an increase in selling activity, which caused the token to drop below its primary resistance level of $4.523. This resulted in the previous breakout being deemed false.
When a long-legged doji appears following a downtrend, it indicates that the balance between supply and demand is approaching an equilibrium point, which could result in a potential trend reversal. This is due to the fact that a state of indecision or equilibrium suggests that the APE coin is no longer moving in the direction it was before, which could be a sign of changing sentiments.
ApeCoin price prediction suggests that if the token successfully breaks out from its consolidation phase with the help of buyers, then it may show a bullish rally on the chart. This means that APE’s price could potentially rise in the near future if there is enough demand from buyers to drive the price upwards.
Source : [ApeCoin Price Prediction: Will APE Crypto Slump More?](news.google.com/rss/articles/CBMiX2h0dHBzOi8vd3d3LnRoZWNvaW5yZXB1YmxpYy5jb20vMjAyMy8wNC8wOS9hcGVjb2luLXByaWNlLXByZWRpY3Rpb24td2lsbC1hcGUtY3J5cHRvLXNsdW1wLW1vcmUv0gEA?oc=5) undefined - The Coin Republic / April 09, 2023
