Blur

Narrative

Rise

ApeCoin

<ul class="news-points"> 
 <li><strong>APE’s price jumped by 17%, with an analyst suggesting a breakout for the token.</strong></li> 
 <li><strong>APE retraced to $1.65 but bulls’ presence may help its recovery toward $1.90.</strong></li> 
 <li><strong>If the overbought condition leads to a reversal, then an entry could appear around $1.60.&nbsp;</strong></li> 
</ul> 
<p>According to crypto analyst Crypto Kaleo, <a href="https://coinedition.com/apecoin-ape-price-prediction/">ApeCoin (APE)</a> may soon break out because of the positive narrative growing around cryptocurrencies linked to NFT projects.&nbsp; Kaleo made his <a href="https://twitter.com/CryptoKaleo/status/1728293636071469378" target="_blank" rel="nofollow">opinion</a> known in a post on X (formerly Twitter), noting that the APE could be next to follow the path of <a href="https://coinedition.com/binance-listing-sparks-excitement-in-blurs-nft-community/">Blur (BLUR)</a> and LooksRare (LOOKS).</p> 
<p>In the last 24 hours, the price of APE has increased by 17.52%, data from CoinMarketCap revealed.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/Z_eKDuDZk-ukPc0P9tSSuUpKnJL_PoZ0ABOfp7LdrKismyYsTwgzkRs6M6Iol2yyw204SqvyjaIlWXC4zckOrf3EJqIyKGTZI2zmHLBSrWmKYgMTKqsUoDMeRQt8g_-zQAHl7Bdy0zog_0m_" alt="ApeCoin (APE) 24-Hour Price Performance (Source: CoinMarketCap)">
  <figcaption class="wp-element-caption">
   ApeCoin (APE) 24-Hour Price Performance (Source: <a href="https://coinmarketcap.com/currencies/apecoin-ape/" target="_blank" rel="nofollow">CoinMarketCap</a>)
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-ape-to-reclaim-august-high">APE to Reclaim August High?</h2> 
<p>But compared to the performance of LOOKS and BLUR, ApeCoin still lagged behind. However, Kaloe explained his bias using the APE/BTC chart. From the chart shared, the analyst highlighted that High Time Frame (HTF) has been stuck in a downtrend for most of the year.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Not fading this <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$APE</a> breakout. Up until the lasst month, BLUR and LOOKS have both traded in lockstep with APE. NFTs are starting to pick up …</p>
  </blockquote>
 </div>
</figure>
<p>The post <a href="https://coinedition.com/why-apecoinsape-nft-narrative-may-help-its-rise-to-1-90/">Why ApeCoin’s(APE) NFT Narrative May Help Its Rise to $1.90</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Why ApeCoin’s(APE) NFT Narrative May Help Its Rise to $1.90

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Coin Edition

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