ApeCoin Price Prediction Today August 15 – APE Technical Analysis

adminAugust 16, 2024

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ApeCoin price prediction shows that APE may resume its bullish trend after testing the $0.59 support level today.

ApeCoin Forecast Statistics Data:

ApeCoin Current Price – $0.61
ApeCoin Market Cap – $368.3 million
ApeCoin Circulating Supply – 604.8 Million
ApeCoin Total Supply – 1 billion
ApeCoin Coinmarketcap Rank – #136

It is advisable to get involved in cryptocurrency projects as early as possible to maximize potential profits. For example, the ApeCoin we are considering has seen significant price fluctuations since its all-time low. Just 10 days ago, on August 5, 2024, the token reached its all-time low of $0.4826. Since then, it has risen by 22.21% to reach its highest price in the last 24 hours at $0.6094. This is still well below its all-time high of $39.40 recorded on March 17, 2022, but the recent uptrend suggests that the token may be on the road to recovery.

APE/USD Market

Main levels:

Resistance Levels: $0.90, $1.00, $1.10

Support Levels: $0.35, $0.25, $0.15

ApeCoin Price Prediction Today August 14 – APE Technical Analysis — APEUSD – Daily Chart

APE/USD is currently facing a significant resistance level formed by a downtrend line that has repeatedly rejected price action in the past. However, recent attempts to break this resistance have resulted in a temporary breakout, but price ultimately declined again, indicating the strength of this resistance. Furthermore, the current price action is once again testing this resistance level, making it a key area to watch.

ApeCoin Price Prediction: APE/USD May Move Sideways

According to the daily chart, the ApeCoin price is moving towards the resistance level of $0.20, as an initial move towards the upper boundary of the channel could push the price higher. Meanwhile, the intersection of the downtrend resistance and the upper boundary of the channel near $0.70 is an important price point. This level not only represents technical resistance, but also coincides with the long-term resistance level that was previously supported. A break above this barrier could lead to a major price move.

However, with the price pressure intensifying within the 9-day and 21-day moving averages, a breakout is becoming more likely. If ApeCoin successfully breaks out of the channel, potential resistance levels are likely to be located at $0.90, $1.00, and $1.10, which would represent a significant upside from current levels. Traders should be prepared for this potential move, as a break below the lower boundary of the channel could lead to support at $0.35, $0.25, and $0.15, respectively.

APE/BTC is heading south

Against Bitcoin, ApeCoin appears to be moving bearishly, aiming to cross below the 9-day moving average. Further bearish moves could take the coin to the nearest support at 900 SAT, after which it could reach the important support below 760 SAT.

However, if buyers return to the market, ApeCoin price may make a bullish crossover above the upper boundary of the channel and reach the resistance level above 1300 SAT. Also, the 9-day MA may also need to cross above the 21-day MA to increase the bullish move.

In addition, @ChartMonkeyBTC shared his analysis with his followers on X (formerly Twitter), highlighting the bullish momentum of ApeCoin after a breakout from a falling wedge pattern. The breakout was accompanied by a failed supply test and narrowing spreads. Fibonacci levels presented an attractive opportunity, and a 1K position was entered at .596.

📈Long: #APEUSDT $ AP By ~ @cutpablo @apcoin APE Swing After FW Breakout: Bullish momentum as Ape Coin breaks north from a falling wedge with failed supply test and tighter spreads. Fibonacci ladder too hard to resist from .596 entry at 1K. pic.twitter.com/XRv7MYkmB2
— Crypto | ChartMonkey (@ChartMonkeyBTC) August 12, 2024

Alternatives to ApeCoin

At the time of writing, the price of ApeCoin is recovering to the resistance level of $0.62. A bullish break above the 21-day moving average could see the price rise to the next resistance level of $0.70. However, if the bulls regain market dominance, additional resistance levels could come into play. Both ApeCoin (APE) and PlayDoge ($PLAY) present attractive opportunities in the cryptocurrency space. Currently, PlayDoge is best described as a meme coin, given Dogecoin’s thematic association with meme culture. However, the project is positioning itself as a play-to-adult (P2E) Doge companion game, having raised over $6 million in its ongoing pre-sale.

Will Play-Dodge pump after launch?

Investing in PlayDoge presents a unique opportunity, especially as it transitions from a meme coin to a play-to-earn Doge companion game. With an ongoing pre-sale offering 50% of the token supply in the early stages, investors can secure their position before the project is fully launched.

Visit PlayDoge