Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Apecoin price prediction suggests a sharp recovery is possible if buyers hold the $2.00 level.</a> </li> 
 <li> <span>2</span> <a>APE Price surges 8.50% in the last 24 hours and regains the $2.00 mark.</a> </li> 
 <li> <span>3</span> <a>Apecoin crypto price trying to climb above the 50-day EMA.</a> </li> 
</ul> 
<p>Apecoin price prediction suggests a rise and sharp recovery is possible if prices hold the $2.00 level. APE Price shot up 8.50% approx and managed to regain the $2.00 mark. However, It will be interesting to see how prices react at higher levels.&nbsp;</p> 
<p>Apecoin crypto price trying to climb above the 50-day EMA to reverse the short-term trend in favor of bulls. However, the 200-day EMA slopes down showing the positional trend is still in a downward direction.&nbsp;</p> 
<p>For the past 2 months, Apecoin price stuck in the narrow range between $1.500 to $2.500. It showed signs of long-term base formation and buyers have tried their best to defend the lower range.&nbsp;</p> 
<p>The sudden rise in Apecoin crypto volume is visible and prices also reacted positively. It indicates some genuine buyers might have accumulated from lower levels.&nbsp;</p> 
<p>Apecoin Price is racing toward the higher range but it will be difficult for the buyers to break the $2.500 hurdle. Apecoin Price is trading at $2.003 with an intraday rise of 8.59%. The 24-hour volume to market cap is 11.93%.</p> 
<h2 class="wp-block-heading" id="strong-is-the-correction-over-in-apecoin-price-strong"><strong>Is the correction over in Apecoin Price?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/b6aJM5G43ynuDwNprxWf-7P1x2VY94H-tXHFR7ahZtlwRBJwnnk6oeSRjsMWYjc8MW_uPBM_dtgfZqvk8nCDftAc1erBwBeMq0BENnsfV9ClHwLgOrpKdlQEo6EchOm9Gj67z6kwRefhqSKjwIptSiY" alt="Apecoin Price Prediction: APE Price regains the $2 mark, What next?"> 
  <figcaption class="wp-element-caption">
    APE/USDT daily chart by <a href="https://www.tradingview.com/x/By7JC989/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Apecoin price prediction is bullish and suggests buyers are preparing for the pullback rally. If the buyers are able to sustain the price above $2.00 then more upward momentum is possible.&nbsp;</p> 
<p>Apecoin price will begin the next phase of recovery when buyers are able to break the $2.500 hurdle. Till then prices are expected to consolidate in the narrow range.&nbsp;</p> 
<p>On the other hand, if APE <a href="https://www.thecoinrepublic.com/2023/08/04/apecoin-price-prediction-2023-will-ape-price-descend-further/" target="_blank" rel="noopener noreferrer nofollow">crypto price</a> faces rejection and slips below $1.700 then more downside will open. The technical analysis suggests until Apecoin’s price breaks $2.500 any short-term move will face difficulty on higher levels.</p> 
<h3 class="wp-block-heading" id="strong-ape-price-showed-a-surprising-rally-strong"><strong>APE Price showed a surprising rally</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_0a30e"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "BINANCE:APEUSDT",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "toolbar_bg": "#f1f3f6",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_0a30e"

}

  );

  </script> 
</div>  
<p>APE price showed a surprising rally in the current session and formed a Doji candle on the weekly time frame. Buyers are active near the $1.700 level and trying their best to push the prices higher.&nbsp;</p> 
<p>However, the overall crypto market sentiment is turning mild bearish, and BTC price struggles to defend the $29K mark. So, it might negatively impact the <a href="https://www.thecoinrepublic.com/2023/08/04/apecoin-price-prediction-2023-will-ape-price-descend-further/" target="_blank" rel="noopener noreferrer nofollow">APE crypto</a> as well as the other Altcoins.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Apecoin price prediction is bullish and suggests that short-term recovery is possible in the coming months. APE crypto price consolidated a lot in the narrow range so any time sharp up move or down move might be visible.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li><strong>Resistance levels: </strong>$2.500 and $3.300</li> 
 <li><strong>Support levels:</strong> $1.700 and $1.500</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Apecoin Price Prediction: APE Price regains the $2 mark, What next?

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