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Trying to pushApeCoin price prediction highlights the consolidation phase after slipping from the falling wedge pattern. - 2
APE crypto is trying to sustain at the 20-EMA to reach the 50, 100 and 200-days daily moving averages. - 3
ApeCoin cryptocurrency slipped around 68.51% year to date.
ApeCoin price prediction shows the consolidation phase of APE crypto after declining from the falling wedge pattern. APE crypto is surging towards the upper threshold of the consolidation phase. APE had a roller coaster ride before falling inside the consolidation phase. At first, APE slipped through the declining wedge pattern from April and went into the consolidation in September. Now, buyers are trying to push APE upwards to register its breakout from the consolidation phase.
ApeCoin cryptocurrency is trying to move towards the upper threshold of the consolidation phase. ApeCoin price was at $1.136 and gained 1.34% of its market capitalization during the day’s trading session. Trading volume increased by 32.63% intraday. This demonstrates that buyers are trying to push APE upwards. Volume to market cap ratio was at 10.11%.
Analyzing ApeCoin Price Technical Indicators
ApeCoin price prediction indicates the surge of APE crypto towards the upper trendline of the consolidation phase. Buyers are trying to push APE towards the upper threshold of the consolidation phase to register its breakout. However, volume change is below average and needs to grow during the intraday trading session. Meanwhile, APE crypto is trying to sustain at 20-EMA to reach the 50, 100 and 200-days daily moving averages. APE crypto has been consolidating inside the horizontal price range of $1.010 and $1.305.
ApeCoin crypto gained around 8.44% in a week and 3.06% in a month. However, APE slipped around 45.34% in the last three months and 71.09% in the last six months. In addition, APE crypto price slumped by 68.51% year to date.
Technical indicators suggest the upward momentum of ApeCoin price. Relative strength index (RSI) shows the upside trend of APE crypto. RSI was at 53 and is heading towards the overbought territory. Investors in ApeCoin cryptocurrency need to wait until it reaches the upper threshold of the consolidation phase.
Summary
ApeCoin price prediction shows the consolidation phase of APE crypto after declining from the falling wedge pattern. At first APE started slipping through the declining wedge pattern from April and went into the consolidation in September. Buyers are trying to push APE towards the upper threshold of the consolidation phase to register its breakout. APE crypto has been consolidating inside the horizontal price range of $1.010 to $1.305. In addition, APE crypto price slumped by 68.51% year to date. Technical indicators suggest the upward momentum of ApeCoin price.
Technical Levels
Support Levels: $1.090 and $1.040
Resistance Levels: $1.170 and $1.208
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 stock comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/10/22/apecoin-price-prediction-will-ape-skip-consolidation-phase/