The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT).
APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance)Price Analysis Of APE On The Weekly Chart Weekly Price Chart Analysis For Ape | Source: APEUSDT On Tradingview.com
From the chart, the price of APE saw a weekly low of around $3.10, which has formed support.
The price has built more momentum as it faces resistance at $10.
With a break above the $10 mark, the price of APE would rally to $12.
If the price of APE on the weekly chart fails to break the $10 mark, then a retest is bound at $6.7.
The volume shows decent buy bids, pushing the price of APE higher.
Weekly resistance for APE price – …