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NewsBTC 2022-08-05 21:36:01

TA – Apecoin Price Rallies Ahead Of The $10 Mark

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) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart 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 – $10. Weekly support for APE price – $6.7.   Price Analysis Of APE On The Daily (1D) Chart The price of APE found strong support at around $3.4, with what seems to be the bottom on the daily chart. APE has continued to rally above this support region of $3.4 to a high of $7.7, where it has faced resistance. At the point of writing, the price of APE is at $7.4, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $6.2. APE price would find support at $6.2, which corresponds with the daily 50 EMA if it drops due to weekend sell-offs. If the 50 EMA region fails to hold the price, $5.2 would be a good...

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