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Apecoin price moves past the $10 mark - India Blogger

Epcoin (APE) price is showing strength after bouncing off a weekly low of $3.10 against Tether (USDT).

APE price respite, Bitcoin (BTC) rebounded from the daily low of $19100 in the $23,000 area. (data feed from Binance)

Price Analysis of APE on Weekly Chart

Weekly Price Chart Analysis for the App | Source: APEUSDT at Tradingview.com

From the chart, APE price saw a weekly low near $3.10, which has formed a support.

The price has created more momentum as it faced resistance at $10.

With a break above the $10 mark, APE price will rebound to $12.

If APE price fails to break the $10 mark on the weekly chart, a retest is bound for $6.7.

Volume reflects good buy bids, making the APE price higher.

Weekly resistance for APE price – $10.

Weekly Support for APE Price – $6.7.

Price Analysis of APE on Daily (1D) Chart

Daily Price Chart Analysis for the App | Source: APEUSDT at Tradingview.com

APE price found strong support near $3.4, which appears to be at the bottom on the daily chart.

APE continued to move higher from this support area of ​​$3.4 to the high of $7.7 where it faced resistance.

At the time of writing, APE price is trading above the 50 exponential moving average (EMA) at $7.4, which corresponds to the $6.2 support.

APE price will find support at $6.2, which corresponds to the daily 50 EMA if it turns lower due to a selloff over the weekend.

If the 50 EMA area fails to hold the price, $5.2 will be a good support for a sell-off and a possible upside move for the APE price.

With higher buy bids, we can see APE price retesting $10, which has been resistance on the daily chart.

The RSI for APE price on the daily chart is above 65, indicating healthy buy bids for APE.

Volume also shows a positive sign for a higher trend of APE prices.

Daily (1D) resistance for APE price – $7.7, $10.

Daily (1D) support for Apcoin (APE) price – $6.2, $5.2.

Apcoin price analysis on 4-hour (4H) chart

Four Hour (4H) price chart analysis for APE | Source: APEUSDT at Tradingview.com

APE price has shown considerable strength on the 4H chart after forming support at $4.22.

APE price moved up from this area, forming a bullish uptrend channel on the 4H chart.

APE price was rejected at $9.10, which saw a selloff.

APE price is $7.4, trading above the 50 and 200 EMA along with $7 and $6.1 on the 4H chart. These prices will act as a support area for the APE on the 4H chart.

APE price turned an upside trend after rebounding from the $6.50 low.

Four-hour (4H) resistance for APE price – $8, $10.

Four-hour (4-hour) support for APE price – $7, $6.1.

Featured image from NFT News Pro, Charts from TradingView.com 


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