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<ul class="news-points"> 
 <li>Despite a bearish start to the day, APE bulls hit a 7-day gain.</li> 
 <li>Technical indicators point to caution as overbought levels approach.</li> 
 <li>APE has encountered support and resistance at $1.98 and $2.11 during the uptrend.</li> 
</ul> 
The <a href="https://coinedition.com/tag/apecoin-ape/" rel="noopener noreferrer nofollow">Apecoin (APE)</a> market got off to a shaky start, with the price plummeting to a 24-hour low of $1.98 before finding support and rebounding. After recovering, the APE price reached a 7-day high of $2.11 before resistance. APE was priced at $2.09 at press time, up 12.68 % from its 24-hour low. 
If buyers can push above $2.11, the next resistance level is $2.15. However, if the bullish momentum fades and the price fails to break over the $2.11 resistance level, a bearish dip below the $1.98 support level is probable. 
APE’s market capitalization climbed by 4.27% to $770,969,537 during the bullish surge, while its 24-hour trading volume increased by 1.23% to $118,605,812. This surge demonstrates the purchasing interest in APE and suggests that the present price movement has significant market involvement. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="705" height="546" src="https://coinedition.com/wp-content/uploads/2023/08/APE-1.png" alt="" class="wp-image-328590" srcset="https://coinedition.com/wp-content/uploads/2023/08/APE-1.png 705w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-300x232.png 300w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-226x175.png 226w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-380x294.png 380w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-506x392.png 506w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-90x70.png 90w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-115x89.png 115w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-185x143.png 185w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-575x445.png 575w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-319x247.png 319w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-310x240.png 310w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-213x165.png 213w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-272x211.png 272w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-239x185.png 239w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-105x81.png 105w, https://coinedition.com/wp-content/uploads/2023/08/APE-1-97x75.png 97w" sizes="(max-width: 705px) 100vw, 705px"> 
 <figcaption class="wp-element-caption"> APE/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/apecoin-ape/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
The Chaikin Money Flow rating of 0.14 indicates that there is still some purchasing deman… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ape-hits-7-day-high-amid-bullish-rally-overbought-signals-loom/">APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom

Coin Edition

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