ApeCoin Eyes $10 Ahead Of Staking, Could This Be A Bullish Catalyst?
20 Settembre 2022 - 9:53PM
NEWSBTC
APE looks bullish ahead of staking as this could be one of the most
anticipated stakings in crypto. Price reclaims 50 exponential
moving average (EMA) on the daily timeframe ApeCoin price
breaks out of an asymmetric triangle setting up a bullish scenario
ApeCoin (APE) has seen more turbulent times than a rosy start as
its price tumbled from $27 to $4 but could be set for a major run
ahead of its impending staking scheduled to start in the fourth
quarter of this year. The price of ApeCoin (APE) has shown great
strength against tether (USDT) ahead of the staking despite the
crypto market faced with price uncertainty. (Data from Binance
platform) Related Reading: 3 Experts Take On The Bitcoin Price,
Will $19,000 Hold Or Break? ApeCoin (APE) Price Analysis On The
Weekly Chart Although so much speculation about the price of
APE performing so well, like its Bored Ape Yacht Club, Mutant Ape
Yacht club, and of course, the sale that generated so much talk in
the crypto industry, “the Otherside” land sale. The performance of
APE was short-lived as the market continued to see a decline in the
price of crypto assets. The price of APE on the weekly chart got
rejected as the price tried breaking above $7.5, with the price
falling to a weekly low of $4. The price of APE bounced from that
level with what seems to be an area of high demand for the price of
APE. APE price rallied from this region to $5.7, where it has
been faced with resistance to breaking above this region to trend
higher. The price of APE needs to break and hold above $6 to resume
its bullish sentiment. A break above $7.5 with what looks like a
strong resistance would signal strong bullish movement as the price
has been rejected severally from that region. APE looks bullish
ahead of the staking, with the staking acting as the catalyst for
APE price movement. Weekly resistance for the price of APE – $7.5.
Weekly support for the price of APE – $4. Price Analysis Of APE On
The Four-Hourly (4H) Chart The 4H timeframe for APE prices
continues to look strong as the price broke out of its asymmetric
triangle and closed above it setting up for more bullish movement.
On the 4H timeframe, the price of APE is currently trading at $5.66
above the 50 and 200 Exponential Moving Average (EMA), acting as
support for the APE price. The price of $5.2 corresponds to the
support at 50 EMA for the price of APE. The price of APE needs to
hold the asymmetric triangle to maintain its bullish structure
ahead of the staking. Four-hourly resistance for the APE
price – $6.5. Four-hourly support for the APE price – $5.2-$4.5.
Related Reading: Crypto Downtrend Led Investors To Liquidate Over
$432 Million Featured Image From Boardroom, Charts From Tradingview
Grafico Azioni ApeCoin (COIN:APEUSD)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni ApeCoin (COIN:APEUSD)
Storico
Da Ott 2023 a Ott 2024