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

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The ApeCoin value prediction reveals that APE may renew the bullish development after testing the help stage of $0.59 at this time.

ApeCoin Prediction Statistics Information:

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

It’s typically really helpful to get entangled with crypto tasks as early as attainable to maximise potential features. For instance, the ApeCoin we’re contemplating has seen vital value 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 beneath its all-time excessive of $39.40, recorded on March 17, 2022, the current upward development means that the token may 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

APEUSD – Each day Chart

APE/USD now faces a crucial resistance stage fashioned by a downtrend line that has repeatedly rejected the worth motion up to now. Nonetheless, a current try to interrupt by this resistance resulted in a brief breakout, however the value was finally pushed again down, indicating the energy of this resistance. Furthermore, the present value motion is as soon as once more testing this resistance stage, making it a key space to look at.

ApeCoin Worth Prediction: APE/USD Might Transfer Sideways

In line with the every day chart, the ApeCoin value is transferring in the direction of the resistance stage of $0.20 because the preliminary transfer towards the channel’s higher boundary may increase 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 big value level. This stage not solely represents technical resistance but in addition coincides with a long-term resistance stage that was beforehand supported. Breaking by this barrier may result in a significant value motion.

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

APE/BTC Faces the South

Towards Bitcoin, the ApeCoin is seen transferring bearishly, aiming to cross beneath the 9-day transferring common. Any additional bearish motion may lead the coin to the closest help at 900 SAT, after which it may hit the crucial help at 760 SAT and beneath.

ApeCoin Price Prediction for Today, August 14 – APE Technical Analysis — APEBTC – Each day Chart

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

Furthermore, @ChartMonkeyBTC shared an evaluation together 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 beautiful 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

Alternate options to ApeCoin

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

WILL PLAYDOGE PUMP AFTER LAUNCH

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

Go to PlayDoge