ApeCoin Price Prediction for Today March 2nd – APE Technical Analysis

adminMarch 2, 2024

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ApeCoin price prediction shows APE is bullish with a rise of 10.75% as the coin prepares for a bullish crossover.

Why ApeCoin surged 10%

In the last 24 hours, ApeCoin (APE) has experienced an impressive 10% surge, reaching a current trading price of around $1.96. ApeCoin has exceeded its value at the beginning of the year by 21%, attracting the attention of speculative investors.

ApeCoin prediction statistical data:

Current ApeCoin price – $2.11
ApeCoin market capitalization – $1.2 billion
ApeCoin Circulating Volume – 604.8 million
ApeCoin total supply – 1 billion
ApeCoin CoinMarketCap Ranking – 97th

APE/USD Market

Main level:

Resistance levels: $2.50, $2.55, $2.60

Support levels: $1.50, $1.45, $1.40

ApeCoin price prediction for today, March 1 – APE technical analysis — APEUSD – daily chart

APE/USD appears to be trading in the green as the coin prepares to cross the upper boundary of the channel at the time of this writing. According to the daily chart, the candle formation is currently following an uptrend, but a slide below the 9-day moving average and the 21-day moving average could position the market price south, with the nearest support level near $1.90.

ApeCoin Price Prediction: APE/USD Could Be on the Rise

ApeCoin price is currently trading above the 9-day and 21-day moving averages. However, a rise above the channel upper limit could result in intense buying towards resistance levels of $2.50, $2.55, and $2.60 respectively. Conversely, APE/USD is likely to hold support at the daily low of $1.90. So, if the coin falls below this support, it is likely to hit the nearest support at $1.80.

Meanwhile, once selling resumes, important support levels could be located around $1.50, $1.45, and $1.40. Nonetheless, the 9-day moving average is higher than the 21-day moving average. This is because if the upper boundary of the channel is broken, the market may rise further.

APE/BTC follows a bullish move.

Compared to Bitcoin, buyers are more likely to keep the price of ApeCoin above its moving average. Meanwhile, the nearest resistance level on the upside is above the upper boundary of the channel above 4000 SAT.

on the other way; The nearest support could be located at 3500 SAT, and if the price falls further to form new lows, lower support can be found below 2700 SAT. On the other hand, if the 9-day moving average stays above the 21-day moving average, this may confirm that the market may follow an upward trend.

@MTA098 recently told his audience on X (formerly Twitter) that $APE has seen significant progress. Resistance has turned into support and remains firmly above it on the 12-hour chart. This setup indicates preparation for a potential upward move soon. 📉📈

$APE : The resistance line has turned into support and is holding well just above the support line on the 12-hour chart, preparing to rise. 📉📈#monkey #APEusdt #NFT #Cryptocurrency trading #Cryptocurrency market #Binance #Bitcoin #Trading Strategy pic.twitter.com/ipuSFH8ser
— MTA Trading (@MTA098) March 1, 2024

ApeCoin Alternatives

Currently, ApeCoin is trading around the $2.11 level and could potentially break above its current channel. Within the descending channel range, we may encounter immediate resistance at $2.20 and a secondary barrier at $2.15. However, a surge in market activity may result in additional resistance near the top of the channel. ApeCoin (APE) has solidified its position with a respectable market capitalization of $1.2 billion. Conversely, $BTCMTX has already amassed an impressive amount of $11.64 million in the pre-sale phase, indicating that there is significant room for growth.

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