Analysis Bitcoin

ApeCoin Price Prediction: APE Trends Northwardly in Range Points



Ape Coin Price Prediction – August 3
A close technical observation shows the ApeCoin market valuation trends northwardly in range points. There has been a record of a $1 and a $9.40 values representing high and low of the crypto economy since the last five months of inception. Price percentage rate stands at 11.46 positives.

ApeCoin (APE) Price Statistics:
APE price now – $7.40
APE market cap – $2.3 billion
APE circulating supply – 306.9
APE total supply – 1 billion
Coinmarketcap ranking – #31

APE/USD Market
Key Levels:
Resistance levels: $10, $12, $14
Support levels: $3,25, $2.25, $1.25
APE/USD – Daily Chart
The trading chart reveals the APE/USD market trends northwardly in range points of $3.25 and $10. The upper horizontal line drew at the higher value line while the lower horizontal line drew, at the lower value, embodying the SMAs. The 14-day SMA indicator is around $6.07 underneath the 50-day SMA indicator. And the bigger SMA is at $7.07. The Stochastic Oscillators have briefly moved southbound. But, they have crossed northbound, signifying an upward motion is imminent.

Will the APE/USD market push higher toward the $10 resistance higher range point afterward?

The APE/USD market may push higher toward the $10 resistance higher range point in the time as the crypto-economic price trends northwardly un range points of $3.25 and $10. Those range points have demarcated the trading zones where traders have to initiate an appropriate execution of orders with a high degree of trading principles guiding against unnecessary loss in the long run. Investors may have a good time launching back into the operations by now.

On the downside of the technical analysis, the APE/USD market bears have to exercise patience at this moment before considering a sell order. And that can be coming on the heel of price rejections close below the $10 resistance level afterward in the long run. As a result of that assumption, An early reversal-trading motion against the bigger-SMA trend line will give the market a hedge to push downward back for a retest of one of the previous lows toward the lower range spot.

APE/BTC Price Analysis

ApeCoin has continued to surge higher against the trending ability of Bitcoin. The cryptocurrency pair market trends northwardly in range points. A bullish candlestick is in the making against the upper range line to affirm an upward force is ongoing. The 14-day SMA trend line has moved from a lower-trading zone to join the 50-day trend line at a near top below the upper range line. The Stochastic Oscillators have moved southbound to get a cross back to the upside at the range of 20. It means the base crypto is not yet relaxing in its efforts against the flagship counter-trading crypto.

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