ApeCoin Price Prediction for Today, August 15 – APE Technical Analysis

The ApeCoin worth prediction reveals that APE might renew the bullish development after testing the help degree of $0.59 right this moment.

ApeCoin Prediction Statistics Information:

ApeCoin worth now – $0.61
ApeCoin market cap – $368.3 million
ApeCoin circulating provide – 604.8 million
ApeCoin complete provide – 1 billion
ApeCoin Coinmarketcap rating – #136

It’s usually really helpful to get entangled with crypto initiatives as early as attainable to maximise potential features. For instance, the ApeCoin we’re contemplating has seen vital worth actions since its all-time low. Simply 10 days in the past, on August 5, 2024, the token hit an all-time low of $0.4826. Since then, it has risen by 22.21%, reaching a excessive of $0.6094 within the final 24 hours. Whereas that is nonetheless far under its all-time excessive of $39.40, recorded on March 17, 2022, the latest upward development means that the token could be on the trail to restoration.

APE/USD Market

Key Ranges:

Resistance ranges: $0.90, $1.00, $1.10

Help ranges: $0.35, $0.25, $0.15

APE/USD now faces a important resistance degree shaped by a downtrend line that has repeatedly rejected the worth motion prior to now. Nevertheless, a latest try to interrupt via this resistance resulted in a brief breakout, however the worth was finally pushed again down, indicating the power of this resistance. Furthermore, the present worth motion is as soon as once more testing this resistance degree, making it a key space to observe.

ApeCoin Worth Prediction: APE/USD May Transfer Sideways

In response to the every day chart, the ApeCoin worth is shifting in direction of the resistance degree of $0.20 because the preliminary transfer towards the channel’s higher boundary might enhance the worth additional. In the meantime, the intersection of the downtrend resistance and the higher boundary of the channel close to $0.70 is a major worth level. This degree not solely represents technical resistance but in addition coincides with a long-term resistance degree that was beforehand supported. Breaking via this barrier might result in a significant worth motion.

Nevertheless, with the worth squeeze inside the 9-day and 21-day shifting common intensifying, the probability of a breakout is growing. If ApeCoin efficiently breaks out of the channel, the potential resistance ranges are prone to be positioned at $0.90, $1.00, and $1.10, which might symbolize a considerable upside from the present ranges. Merchants must be ready for this potential transfer, whereas a drop under the decrease boundary of the channel could result in helps of $0.35, $0.25, and $0.15 respectively.

APE/BTC Faces the South

In opposition to Bitcoin, the ApeCoin is seen shifting bearishly, aiming to cross under the 9-day shifting common. Any additional bearish motion may lead the coin to the closest help at 900 SAT, after which it might hit the important help at 760 SAT and under.

Nonetheless, ought to the consumers return to the market, the ApeCoin worth might make a bullish cross above the higher boundary of the channel to hit the resistance degree of 1300 SAT and above. Moreover, the 9-day MA may must cross above the 21-day MA to extend the bullish motion.

Furthermore, @ChartMonkeyBTC shared an evaluation along with his followers on X (previously Twitter), highlighting a bullish momentum for ApeCoin following a breakout from a falling wedge sample. The breakout was accompanied by a failed provide take a look at and a narrowing unfold. The Fibonacci ranges provided a pretty alternative, resulting in an entry at .596 with a 1K place.

📈LONG: #APEUSDT $APE by @jalapablo@apecoin APE Swing After FW Breakout: Bullish momentum as Ape Coin breaks north from falling wedge with failed provide take a look at & narrowing unfold. Fibonacci ladder up from .596 entry at 1K was too irresistible. pic.twitter.com/XRv7MYkmB2

— Crypto | ChartMonkey (@ChartMonkeyBTC) August 12, 2024

Options to ApeCoin

On the time of writing, ApeCoin’s worth is recovering towards the resistance degree of $0.62. A bullish breakout above the 21-day shifting common might propel the worth to the following resistance degree of $0.70. Nevertheless, extra resistance ranges could come into play if the bulls regain market management. Each ApeCoin (APE) and PlayDoge ($PLAY) current engaging alternatives within the cryptocurrency sector. At current, PlayDoge is finest described as a meme coin, given its thematic connection to Dogecoin and meme tradition. Nevertheless, the venture is positioning itself as a play-to-earn (P2E) Doge companion recreation gaining over $6 million in its ongoing presale.

WILL PLAYDOGE PUMP AFTER LAUNCH

Investing in PlayDoge presents a singular alternative, particularly because it transitions from a meme coin to a play-to-earn Doge companion recreation. With its ongoing presale providing 50% of the token provide at an early stage, buyers can safe their place earlier than the venture absolutely launches.

Go to PlayDoge

Associated Information

PlayDoge (PLAY) – Latest Launch On BNB Chain

2D Digital Doge Pet
Play To Earn Meme Coin Fusion
Staking & In-Recreation Token Rewards
SolidProof Audited – playdoge.io