Crypto Technical Analysis

Apecoin (APE) Technical Analysis: Will APE Price Hit $20 Before End of Q1 2022?

APE Technical analysis

Key Takeaways

  • The APE coin price closed the previous day’s trade at $14.27 with a market capitalization of $3.86 billion with a circulating supply of 277,500,000 APE 
  • The popular NFT appears to have followed a steady uptrend by frequently bouncing off from the trend line to reach out to the desired target.
  • Apecoin’s price gained more than 25% throughout the weekend and is all set to manifest another bullish week to register a bullish close for the month as well as Q1 2022.

Apecoin (APE) Technical Analysis for Today: 28 March 2022

The APE coin broke out from the bullish flag pattern and surged with double-digit gains throughout the weekend. Currently, after undergoing more than 15% since the early trading hours, the price is facing minor exhaustion. The interim pullback could eventually be halted very soon and the asset could rebound to resume the uptrend. With the rebound the APE price may seal the levels above $15, forming a strong support level here. 

Apecoin (APE) Technical Analysis at a Glance

The Apecoin price after its bombastic inception to trade, bottomed hard, shedding half of its value within a couple of days. However, after sliding below $10, the asset quickly rebounded firmly and maintained a steady uptrend. By continuing to form constant higher highs and lows, the APE price is now following a strong ascending trend. Further, continuing with a similar upswing, the Apecoin price may eventually hit $20 initially to record a bullish close. 

Short-Term The APE price may undergo a slight pullback mainly due to minor exhaustion. However, the momentum is pretty bullish and hence a flip is much anticipated
Mid-Term Apecoin appears to continue with the uptrend, discarding the odds or pullbacks appearing in between
Long-Term The asset is extremely bullish and could continue maintaining a significant uptrend ahead. 

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 61.52 / 100 Buy / Overbought
MACD(12,26) 0.397 / 3.80  Buy / Buy
Average Directional Index(ADX) 30.39 / 33.69 Buy / Buy
Bull-Bear Power 0.316 / 9.07 Buy / Buy

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $13.86 NA
Moving Average(MA)-200 $12.43 NA
Resistance $15.06 $16.44
Support $14.29 $12.27

Oscillators

Oscillators Short-Term Long-Term
Stochastic Oscillator 78.79 0.0
Ultimate Oscillator 67.01 64.29
Average True Range(ATR) 0.3257 2.04
CCI 51.25 82.87

The APE coin price is bullish in both time horizons. While in the short-term almost all the indicators point out towards a buy, some of them differ in the higher time frame. RSI is rising high in STF indicating a short-term bounce. While the buying volume is mounting with increased rally strength as the volatility remains low. 

However, the current price has surpassed the crucial resistance levels and is heading firmly towards the breakthrough levels. Therefore, once the price hits $15 it may continue to surge until $16.5. No doubt the ATH is pretty distinct, yet the NFT may soar with huge numbers in the short term. However, the long-term forecast is somewhat bearish as after a huge rally, the possibility of pullback surfaces.

Additional Read: Top Crypto News Today, 28 March 2022.

APE /USDT Technical-Analysis for Short-Term

Source: Tradingview

  • The APE price after a decent flip from the lows and maintained a notable uptrend since then.
  • Maintaining the uptrend, the asset broke through the ascending triangle at once and surged high beyond the strong resistance levels
  • However, a minor possibility of a retest towards the resistance-flipped to- support levels emerges but could be nullified with a strong rebound
  • The price currently appears to be poised to soar above $15 and hence confirm a strong uptrend that may uplift the price by another 25%.

Additional Read: What Is ApeCoin?

APE /USDT Technical Analysis for Long-Term

Source: Tradingview

  • No doubt the APE price has smashed through the ascending triangle in STF but it is testing a huge ascending triangle in HTF
  • The price after hitting the upper resistance has faced a rejection that may be short-lived 
  • And hence once the price breakout from the pattern, it may trade within the discovery phase to look out for upcoming new highs
  • As the buying volume always has been slightly higher than that of selling, no drastic change in trend may be expected shortly

Where & How to Buy Apecoin(APE)

Buying Apecoin(APE) or any of your desired cryptocurrencies is pretty easy and simple. All you need to do is download the CoinDCX App on your smartphone and enter the required details. Further, the platform verifies your details, and once done, fund your wallet and buy your favorite crypto. Simple!

Investing in cryptocurrency has never been easy before. The market volatility, profits/loss, etc was never the cup of tea for many. However, to address these issues, CoinDCX presents a ‘Crypto Investment Plan(CIP)’. Here one can invest in their desired crypto every week with fixed installments and tenure. You can start investing with as low as INR 200 and range high towards INR 2000. 

Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

Share this Story

Check Also

Polygon MATIC Technical Analysis: How MATIC’s Recent Price Rebound can Trigger Further Recovery

MATIC price has been on the downward trend for a while now. Take a look, analyze why it has been loosing its value in the last couple months

GET ALL LATEST UPDATES ON YOUR EMAIL