ApeCoin Price Prediction: Bullish Movement Expected
The ApeCoin price is currently experiencing a gain of 3.88% and is moving in a bullish direction. Here are the key points to note:
- ApeCoin price is currently at $1.97
- ApeCoin market cap is $718 million
- ApeCoin circulating supply is 368.5 million
- ApeCoin total supply is 1 billion
- ApeCoin Coinmarketcap ranking is #55
APE/USD Market:
On the daily chart, APE/USD is trading in the green and preparing to cross above the upper boundary of the channel with a 3.88% gain. The coin is currently below the 9-day and 21-day moving averages, which could push the market price downwards. The closest support level is at $1.97.
ApeCoin Price Prediction:
The ApeCoin price is expected to spike upwards if it crosses above the upper boundary of the channel. This could lead to intense buying and push the coin to resistance levels of $3.00, $3.20, and $3.40. However, if the price drops below the support level at $1.90, it may hit the closest support at $1.70. The market may gain more upwards if the signal line of the Relative Strength Index (14) crosses above the 40-level.
Against Bitcoin:
Buyers are likely to push the coin above the 9-day and 21-day moving averages. The nearest resistance level is at 9200 SAT, with potential for further resistance above the upper boundary of the channel. The Relative Strength Index (14) moving above the 30-level would support an upward movement.
Alternatives to ApeCoin:
APE/USD is currently retracing towards $2.0 with a 3.88% growth. If the coin can cross above the 9-day and 21-day moving averages, it may maintain a bullish movement within the channel. Wall Street Memes, another meme coin, has gained attention and raised close to $13m in its presale.
Hot Take:
The ApeCoin price is showing positive signs of a bullish movement. With its current gain and potential to cross key resistance levels, there is a chance for significant price growth. However, it is important to keep an eye on support levels and the Relative Strength Index for further confirmation. Additionally, alternative meme coins like Wall Street Memes are also gaining popularity in the crypto market.
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