Apecoin ($APE) Price Poised To Hit $10 Before Plunging More Than 40%


78
118 shares, 78 points


The beginning of August month has been a good start for almost all of the cryptocurrencies. Bitcoin, Ethereum, Solana, Ethereum Classic along with ApeCoin gained their crucial price levels. Even the global crypto market cap reclaimed the $1 trillion mark.

Since mid-July, the ApeCoin was in a consolidation zone before getting onto the bull ride, yesterday August 3, 2022. At the time of publication, APE Price has gained 9.73% over the last 24hrs and is trading at $7.60. 

This latest surge came after Gucci announced that the company will be accepting ApeCoin as a medium of payment. Following this news, the ApeCoin price is enjoying its bull run with a leg up in its trading volume.

Along with other price indicators that are depicting positive signs, social media sentiment too is flashing a bullish indicator.

Will APE Price Drop To $5 In Coming Days?

The Bored Ape Yacht Club’s native currency $APE’s Volume Profile Indicator is not suggesting a positive graph defending the profits. On the other hand, with the ongoing price momentum, ApeCoin bulls are targeting the $10.80 level.

Nevertheless, if bears manage to enter the bullish price action, then the whole momentum will take a U-turn. If this happens, then ApeCoin price action will slide towards $4 or even $3.70, a 50% decrease from the current price levels.

However, if the bulls manage to close today’s daily candle above $7.55, then there is a high possibility that the bears entering the bullish price action will be a void prediction.

According to crypto analyst Altcoin Sherpa, According to Altcoin Sherpa, APE is primed for a rally to $10 before any significant retracements.

The Analyst claim that, “Still mad I never got fully filled on my reloads in the low $5s. This one is continuing to grind up, but I’m still comfy in my entries in mid/high $5s.”

Was this writing helpful?





Source link


Like it? Share with your friends!

78
118 shares, 78 points

What's Your Reaction?

hate hate
33
hate
confused confused
20
confused
fail fail
10
fail
fun fun
6
fun
geeky geeky
3
geeky
love love
26
love
lol lol
30
lol
omg omg
20
omg
win win
10
win
Daily List

0 Comments

Choose A Format
List
The Classic Internet Listicles
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Story
Formatted Text with Embeds and Visuals
Poll
Voting to make decisions or determine opinions