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In this analysis, we’re taking a look at the APE coin — one of the prominent American gaming and metaverse projects that gained major traction during the last bull run.
⭐ Currently, APE holds a market cap of $540 million and ranks 110th on CoinMarketCap.
📅 Daily Timeframe
As shown on the daily chart, price has reached a key resistance zone and has tested it several times.
✔️ If this resistance breaks, it could confirm a trend reversal, potentially opening the way toward higher levels like 0.8990 and even 1.973.
🛒 For spot buying, an entry can be considered upon the breakout of this resistance, though it's safer to wait for confirmation of bearish momentum in Bitcoin dominance before entering a spot position on APE.
📈 However, for futures positions, this same breakout trigger can be used — either on the daily chart or lower timeframes.
🔽 On the short side, a support level has formed at 0.6073. A break below this could extend the bearish trend toward 0.3833.
⚡️ Still, there’s a major support level nearby at 0.5633. If you’re looking for a more conservative short entry, you might wait for a clean break below 0.5633.
💥 Momentum confirmation for the short position would come with an RSI breakdown below 46.46, which would signal stronger bearish pressure entering the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, we’re taking a look at the APE coin — one of the prominent American gaming and metaverse projects that gained major traction during the last bull run.
⭐ Currently, APE holds a market cap of $540 million and ranks 110th on CoinMarketCap.
📅 Daily Timeframe
As shown on the daily chart, price has reached a key resistance zone and has tested it several times.
✔️ If this resistance breaks, it could confirm a trend reversal, potentially opening the way toward higher levels like 0.8990 and even 1.973.
🛒 For spot buying, an entry can be considered upon the breakout of this resistance, though it's safer to wait for confirmation of bearish momentum in Bitcoin dominance before entering a spot position on APE.
📈 However, for futures positions, this same breakout trigger can be used — either on the daily chart or lower timeframes.
🔽 On the short side, a support level has formed at 0.6073. A break below this could extend the bearish trend toward 0.3833.
⚡️ Still, there’s a major support level nearby at 0.5633. If you’re looking for a more conservative short entry, you might wait for a clean break below 0.5633.
💥 Momentum confirmation for the short position would come with an RSI breakdown below 46.46, which would signal stronger bearish pressure entering the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.