Technical Analysis Crypto

Apecoin (APE) Technical Analysis: Will APE Price Hit $20 Before End of Q1 2022?

APE Technical analysis

KEY TAKEAWAYS

  • The APE coin price closed the previous day’s trade at $14.27 with a market capitalization of $3.86 billion with a circulating supply of 277,500,000 APE
  • The popular NFT appears to have followed a steady uptrend by frequently bouncing off from the trend line to reach out to the desired target.
  • Apecoin’s price gained more than 25% throughout the weekend and is all set to manifest another bullish week to register a bullish close for the month as well as Q1 2022.

APECOIN (APE) TECHNICAL ANALYSIS FOR TODAY: 28 MARCH 2022

The APE coin broke out from the bullish flag pattern and surged with double-digit gains throughout the weekend. Currently, after undergoing more than 15% since the early trading hours, the price is facing minor exhaustion. The interim pullback could eventually be halted very soon and the asset could rebound to resume the uptrend. With the rebound the APE price may seal the levels above $15, forming a strong support level here.

APE /USDT TECHNICAL-ANALYSIS FOR SHORT-TERM

Source: Tradingview

  • The APE price after a decent flip from the lows and maintained a notable uptrend since then.
  • Maintaining the uptrend, the asset broke through the ascending triangle at once and surged high beyond the strong resistance levels
  • However, a minor possibility of a retest towards the resistance-flipped to- support levels emerges but could be nullified with a strong rebound
  • The price currently appears to be poised to soar above $15 and hence confirm a strong uptrend that may uplift the price by another 25%.

Additional Read: What Is ApeCoin?


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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