In this article we are going to review the ApeCoin with the latest price analysis and price predictions for ApeCoin.
This article is completely based upon Technical Analysis and Price Action of ApeCoin
As there are more than 19,000 cryptocurrencies in crypto market with a lot of cryptocurrencies being shady. it might be difficult to decide which crypto is worth buying and can give good profits in medium to long term point of view and most importantly is ApeCoin is one of those crypto which can perform good in market?
So, Let’s Begin
ApeCoin Current Market Overview
According to Coinmarketcap, ApeCoin currently trading at 17.85 USD with a market cap of $5,084,245,831. Currently ApeCoin is up 3.64% in last 24 hour with a volume of $1,833,709,297. the circulating supply of 1,000,000,000 coins and maximum supply of 1,000,000,000 coins.
ApeCoin is available on top crypto exchanges in the world such as binance, huobi, Gate.io, kucoin and Okex
ApeCoin Price and Technical Analysis
As Shown In the 4 Hour chart Above, Actually ApeCoin Token is in Uptrend and has Strong Support levels shown above in the chart. The Price Action Looks Great for the long term and currently ApeCoin is trading at 17.84$ and The Support level is Holding at around 15.45 – 13.69$.
While, the resistance levels are currently at 18.10$, according to 4Hour Chart.
ApeCoin Support Levels & Resistance Levels
Support Levels : Currently, the support levels for ApeCoin at around $15.45 – 15.30$ , The second Support levels for ApeCoin are at around 13.69 ,
Resistance Levels : Currently, the resistance levels for ApeCoin at around 18.12$ , The second resistance levels for ApeCoin are at around at time highs,
Technical Indicators – 100 Day and 200 Day Moving Average – Stoch RSI
Stoch RSI (Relative Strength Index) – Bullish
RSI (Relative Strength Index) is a technical indicator Which shows that whether A Coin is Overbought or Oversold at a particular period of time. ApeCoin is currently showing its RSI value at around 50, Which indicates that the market is neither oversold or overbought . RSI value Above 50 is considered bullish until RSI crosses 70, which indicates overbought, which usually indicates a correction in price.
100 Day Moving Average – Bullish
100D Moving Average : As shown in the chart, The 100D moving average is currently below the price level indicating Bullish movement as Moving average work as support when the price is above the moving average and vice versa and as per our analysis, we do think that due to the strong Positive Sentiment of Apecoin, apecoin can Move even Higher in Upcoming months and Years.
200 Day Moving Average – Short term Bearish
200D Moving Average : 200D moving average is one of the important indicator for long term trend analysis of any cryptocurrency which in ApeCoin seems to be Bullish as the price is Above the moving Average which indicate Upward Movement in Price Chart of ApeCoin.
Overall Chart Summary
Stoch RSI (Relative Strength Index) – Bullish
100 Day Moving Average – Bullish
200 Day Moving Average – Bullish
ApeCoin Price prediction for 2022
As per the bullish market conditions, ApeCoin can easily target the price levels of 22$ in 2022 , with upcoming developments and partnerships, ApeCoin can Show parabolic upward, With a Small Retracement Without major Correction in Price Eventually Leading it to break previous Major Resistance. Overall, ApeCoin Price target of 22$ is quite Optimistic yet feasible for the near future as well.
ApeCoin Price prediction for 2023
If the bullish Market trend Continues, ApeCoin can ever go higher reaching the price targets of 30-35$. While the future developments and partnerships could lead ApeCoin price to Skyrocket. Before that, it has to break Previous Major Psychological Resistance.
ApeCoin Price prediction for 2024
The most current enhancements and advancements made to the platform, as well as ApeCoin price estimations and new project forecasts, are all considered. Furthermore, the price of ApeCoin on the cryptocurrency market may climb as a result of this, making it an excellent investment because the price might grow to about 40$.
ApeCoin Price prediction for 2025
In the following four years, ApeCoin Price Might exceed its previous all time highs. ApeCoin has the potential to outperform similar cryptocurrencies in terms of ROI. The estimate indicates that ApeCoin has a high probability of achieving a new ATH in the next five years.
Important Note
It’s very important to understand that Bitcoin and overall market sentiments and trends determine the price movement of most cryptocurrencies and altcoins in the market. The price prediction for ApeCoin in this article is based on the assumption that the Bitcoin price and the overall market will grow positively in the future. If Bitcoin and the overall crypto market go down, ApeCoin will probably also follow the market trend. However, the Price Action and Technicals do look great for ApeCoin
Disclaimer
This material is primarily for the aim of educating the reader. It does not constitute a formal offer to buy or sell anything, nor does it constitute a recommendation or endorsement of any specific products, services, or enterprises. Cryptonks.com does not provide any financial, legal, or accounting advice to its visitors. Neither the firm nor the author shall be liable for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this post, whether directly or indirectly, whether in contract or tort (including negligence). Viewers should perform their own research before making any type of investment in a cryptocurrency.
