ApeCoin (APE) Market Reverses at the $1.00 Mark

With Bitcoin trading around its all-time high, the crypto market seems to be gradually changing. This effect is also evident in the ApeCoin daily market, as the token’s price action remains above a key technical level. Additionally, the price is sustaining above important technical indicators.

APE Statistics:
ApeCoin Price: $1.114
ApeCoin Market Capitalization: $831.93M
APE Circulating Supply: 752.56M
APE Total Supply: 1B
ApeCoin CoinMarketCap Rank: 81

Key Price Levels:
Resistance: $1.500, $2.000, $2.500
Support: $1.100, $0.800, $0.500

ApeCoin Bulls Print Minimal Upside Gains

Price activity in the APE daily market has effectively breached its downward retracement at the $1.00 price level. Since the previous session, prices have been increasing, albeit minimally and at a relatively constant pace. However, it is noteworthy that price action remains above all the Moving Average (MA) lines.

Today’s trading has resulted in a 4.09 percent increase. Meanwhile, the Stochastic Relative Strength Index (Stochastic RSI) lines are now merged above the 20 mark of the indicator. The movement of the Stochastic RSI seems to correlate with price movement, indicating that the market may soon break out above the $1.00 level.

APE Market Gradually Approaches a Fresh Upside Retracement

In the ApeCoin 4-hour market, price action appears to be progressing smoothly upward. Price action has found support above the 61.80 level of the Fibonacci Retracement tool, and buyers are currently leading in the new session.

Although the 50-day MA line is above current price activity, it offers minimal resistance to price movement. The Stochastic RSI lines continue to rise toward the overbought region, suggesting minimal bearish activity. As a result, traders may consider using crypto signals targeting $1.200 or $1.300 for short-term gains.

Start using a world-class auto trading solution.