Million

Resistance

Time

ApeCoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>ApeCoin crypto price is below key moving averages.</a></li>
 <li><span>2</span> <a>ApeCoin crypto price decreased by 8.35% over the past seven days.</a></li>
</ul>
<p>The price action of the ApeCoin crypto showed that selling pressure was noted on the charts and was in a downtrend, forming lower lows over the past few months. Moreover, due to declining investor interest, trading volume was below average.&nbsp;</p>
<p>Furthermore, ApeCoin shows a decline in user activity which also reacted as a negative sentiment for the crypto and led to bearishness on the charts.</p>
<p>The ongoing trend favors bears, and the crypto was also in a corrective phase, which made buyers cautious. Moreover, ApeCoin is below the significant moving averages and tried to attain the 50-day EMA to hold the gains.</p>
<p>At the time of writing, ApeCoin price was $1.040 with an intraday gain of 0.10%, showing a bounce from the lower trendline near the support mark. Moreover, the intraday trading volume is $39.253 Million and the market cap is $384.255 Million.</p>
<p>Year-to-date, it gave negative returns of 71.29%; and 77.16% in the span of 6 months. In the last 1 month, it gave a negative return of 8.75%; and 8.35% in the last seven days, highlighting a bearish trend.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-apecoin-crypto-price-in-1-d-time-frame-strong"><strong>Technical Analysis of ApeCoin Crypto Price in 1-D Time Frame</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/RmAtQLkyxQ_k4D79iQprt_4-L4NNGjPohYoP0Se0eICtfJb1fLQNhQZ_m5S-nDemPgBFookmyVADDEAvMnuTeogydnMmNuG1hWeV8hQc-JpfrmC3GHF3sA3qlmhva0AXqLUp6WyyPaHGYx_r-ky-Ofc" alt="ApeCoin Crypto Price Forecast: Will APE Surpass the $2.350 Level?">
  <figcaption class="wp-element-caption">
   Source: ApeCoin.1D.USD by <a href="https://www.tradingview.com/x/7WWKYYlw/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>At the time of publishing, ApeCoin crypto (USD: APE) was above the 50 and 200-day exponential moving averages (EMAs), which do not support the price trend.&nbsp;</p>
<p>The current value of RSI is 34.73 points. The 14 SMA is above the median line at 40.58 points which indicates that ApeCoin crypto is bearish.</p>
<p>The MACD line at -0.053 and the signal line at -0.049 are below the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the APE <a href="https://www.thecoinrepublic.com/2023/10/01/apecoins-new-dao-tasked-to-acquire-top-and-influential-nfts/" rel="noopener noreferrer nofollow">crypto</a> price.</p>
<h2 class="wp-block-heading" id="strong-4-hour-time-frame-technical-analysis-strong"><strong>4 Hour Time Frame Technical Analysis</strong></h2>
<p>On the 4-hour charts, the ApeCoin price is in a narrow range and does not signal an upcoming rise because of low volume levels. Moreover, a key indicator is still in the bearish range and does not signal bullishness.</p>
<p>The RSI curve is near 45, in the neutral range, and showed a narrow consolidation move on the short-term charts. The MACD shows green bars on the histogram with a bullish crossover but did not signal any substantial upswing.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>ApeCoin (USD: APE) technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend might continue in the APE crypto price. ApeCoin price action suggests that the investors and traders are bearish on the 1-day time frame. The price action reflects a bearish perspective at the moment.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p><strong>Support Levels:</strong> $0.999 and $0.900.</p>
<p><strong>Resistance Levels:</strong> $1.074 and $1.109.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

ApeCoin Crypto Price Forecast: Will APE Surpass the $2.350 Level?

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Thecoinrepublic.com

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