Will ApeCoin (APE) Price Find Support at $1.50 and Push Toward $2?


21 Nov 2023 9:23 AM

The ApeCoin (APE) price attempts to move above the $1.50 resistance area. It can increase to $2 if it does so....

  • The ApeCoin (APE) price has been struggling to break above the $1.50 resistance area since November.
  • APE recently reached a high of $1.59 but fell below the resistance area again.
  • The price increase has followed a parabolic ascending support trend line.
  • Despite a breakout from the $1.35 resistance area, APE did not close above $1.50 and created a long upper wick.
  • Binance Japan will list ApeCoin among 13 new tokens on November 17.
  • Analysts have a bullish outlook for APE, expecting further acceleration in price increase.
  • The Elliott Wave theory suggests that APE is in the third wave of a five-wave upward movement, with a potential target of $2.30.
  • However, a decrease below $1.27 would invalidate the positive forecast.

The sentiment in the article is mostly positive, with analysts and traders having a bullish outlook for the future price trend of ApeCoin. However, there is a mention of a potential decrease if the price falls below a certain level.

Go to publisher site

You May Ask

Has the ApeCoin price been able to break above the $1.50 resistance area since November?What is the recent high of ApeCoin's price?What is the basis for the bullish outlook on ApeCoin's future price trend?What is the potential target for the top of the next ApeCoin price movement according to the Elliott Wave theory?What would invalidate the positive forecast for ApeCoin's price increase?

Suggested Reads