- The latest press release confirmed Daniel Alegre’s appointment as CEO.
- Apecoin enters the top 30, leaving ALGO behind.
- BAYC to support APE’s rise.
Apecoin surpasses others and enters the Top 30 list. Analysts predict a glittery 2k23 for APE as the recent press release Yuga Labs said, “Alegre brings deep expertise in areas that are critical to Yuga’s ambitions for an immersive Web3 world.” Activision Blizzard’s president, Daniel Alegre, will soon join as CEO of Yuga Labs, which enchanted APE and Bored Apes fans. The enthusiasts are eager to learn about the potential expansions Alegre might bring to the Otherside metaverse. In response, APE signals the users’ positive sentiments and suggests a future surge.
Monkey army taking over
The monkey face coin is moving, forming a wedge pattern with recent prices consolidating and suggesting a future surge. The EMAs move closer to the current price and suggest a dramatic rise. When paired with rising OBV, the reduced volume reflects a positive pressure and may convert into positive conditions for APE. If the price can successfully retain a spot above $4, it may witness a sky shot in price and satisfy the supporters by reaching nearly $6.
The CMF indicator reflects a chance of uptrend and price rockets as the slope is sharp up. The MACD displays chances of convergence, marking the end of the sellers’ ride. The buyer line (blue line) shows more volatility than the seller one and suggests a crossover generating buyer bars. The RSI tries to gradually escalate to the region above the half line to transition from seller-ruled to buyer-controlled.
Sneak peek to current condition
The closer time frame suggests that the prices are consolidating and may rise in the near term. The CMF indicator holds a spot in the upper region and shows the initiation of the up trail. The MACD records a consistent buying spree, with purchasers active enough to support the price rise. The RSI stays above the 50-mark and may rise, matching the buyer force and touching the higher ranges.
Conclusion
The monkey-themed coin is drilling well to shoot up and celebrate the new year with new affiliations and newer additions made to the BAYC and APE ecosystem. Daniel’s wisdom and passion might prove groundbreaking for the upcoming projects and lift APE’s prices in response.
Technical levels
Support levels: $2.8 and $0.9
Resistance levels: $6.0 and $7.5
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/23/ape-plans-a-spicy-year-end-prices-may-turn-to-sky-shots/