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The ApeCoin token has seen a notable price increase as of today, rising by 9.73%. Meanwhile, price action in this market is currently positioned favorably for further upside retracement in the near term. Let’s take a more in-depth look below.
APE Statistics
Current Price: $0.7566
Market Capitalization: $572.52M
Circulating Supply: 752.65M
Total Supply: 248.1B
CoinMarketCap Rank: 108
Key Price Levels
Resistance: $0.8000, $1.000, $1.200
Support: $0.600, $0.400, $0.200
ApeCoin Continues to Defy Gravity
Price action in the APE market continues to move upward. The latest price candle on the chart is green and is pushing against the upper boundary of the Bollinger Bands.
The market has trended upward since rebounding from the $0.6000 price level. The current session’s price candle appears solid green, indicating that there is minimal downward pressure. Meanwhile, the Smoothed Rate of Change (SROC) indicator line remains above the equilibrium level and is now turning slightly sideways, reflecting the current trend.
APE Bulls Keep Thrusting
Zooming in on the ApeCoin market, price action continues to trend upward. The Bollinger Bands remain oriented in an upward direction, illustrating the prevailing bullish sentiment. As a result, price action is hugging the upper boundary of the Bollinger Bands.
The SROC indicator line is also rising steadily and has now crossed above the equilibrium level. The indicator’s terminal point is now green, signaling that upside momentum is building. Consequently, market participants may aim for the $0.8000 price level in the short term, with the potential for further gains thereafter.
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