- Apecoin price prediction suggests the consolidation phase of APE crypto over the daily time frame chart.
- APE crypto is trading above 10, 50, 100 and 200-days Daily Moving Average.
- The pair of APE/BTC was at 0.0002356 BTC with an intraday gain of 3.27%.
Apecoin price prediction suggests the token’s consolidation phase and the APE crypto is trying to recover above this range. APE crypto needs to accumulate more buyers during the day’s trading session to surge towards the upper price range. APE coin price has been bullish and rising towards the upper price range that is resistance level over the daily time frame chart. Analysts from an established crypto firm believe that APE crypto might reach $10 with its rally during 2023.
About Apecoin
Launched in 2021, APEcoin is a relatively recent cryptocurrency. It is a decentralized token with the ticker APE that utilizes the Binance Smart Chain network.
According to the APEcoin website, the project is community-driven and focuses on charitable and environmental purposes. A percentage of each transaction charge goes into the platform’s charity wallet, and the money is then distributed to other nonprofit groups. APEcoin also features a function that lets users vote on which organizations should get donations.
Apecoin price prediction hints towards the APE crypto’s upcoming rally during 2023. Meanwhile, trading volume can be seen above average showcasing the accumulation rate of buyers during the intraday trading session. APE crypto is trading above 10, 50, 100 and 200-days Daily Moving Average. Apecoin price has gained around 11.47% in the last week and 12.35% during last month. Meanwhile, APE crypto has recovered more than 60% Year to Date.
When will Apecoin Price Reach $10?
Technical indicators suggest the uptrend momentum of APE crypto over the daily time frame chart. Relative strength index showcases the upside trend of APE token. RSI was at 56 and was heading towards the overbought territory. MACD exhibits the uptrend momentum of APE coin price. The MACD line is about to cross the signal line for a positive crossover. Investors in APE need to wait until the token price reaches $6.37 primary resistance level and register its breakout.
Summary
Apecoin price prediction suggests the token’s consolidation phase and the APE crypto is trying to recover above this range. APE crypto needs to accumulate more buyers during the day’s trading session to surge towards the upper price range. Apecoin price has gained around 11.47% in the last week and 12.35% during last month. Meanwhile, APE crypto has recovered more than 60% Year to Date. Technical indicators suggest the uptrend momentum of APE crypto over the daily time frame chart. Investors in APE need to wait until the token price reaches $6.37 primary resistance level and register its breakout.
Technical Levels
Support Levels: $5.15 and $4.75
Resistance Levels: $6.15 and $6.37
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/02/20/apecoin-price-prediction-ape-crypto-to-rally-during-2023-rept/