- ApeCoin price analysis reveals a steady upward trend.
- APE has support at $4.17 and resistance at $4.56.
- In the last few hours, APE prices have risen by more than 1.80 %.
ApeCoin (APE) has recently been in a distinct upward trend, according to the price analysis of the daily price chart.
APE prices have risen by 1.80% to $4.45 at the time of writing. The bulls dominated and controlled the market from the low of $4.17 to the most recent high. Market capitalization increased by 1.44% to $1,357,532,949, while trading volume surged by 58.26% to 266,985,513
APE/USD 1-day price chart (Source: CoinMarketCap)
A positive trend is on the way because the Coppock Curve is at 4.682 and continues to rise above the zero line. This is a bullish indicator for APE investors, indicating that they should hold onto their investment.
The widening of the Bollinger Bands implies an increase in purchasing and selling pressure in the ApeCoin market. The upper band is at 4.506, and the bottom band is at 4.170. In addition to the positive support, the market price is heading toward the upper band, indicating that the bullish momentum will continue.
The Relative Strength Index (RSI) of 53.28 and trending north implies a stable market with increased market volatility. This price fluctuation indicates that the upward trend will continue.
APE/USD 1-hour price chart (Source: CoinMarketCap)
The Stoch RSI was trending in the overbought range, albeit still bearish, in recent hours, but it has since reverted lower, reading 78.98 and pointing south. This movement has resulted in a positive trend in the APE market, which could last as long as the Stoch RSI score remains between the overbought and oversold levels.
The 5-day Moving Average crosses above the 20-day Moving Average, forming a golden cross on the 1-hour price chart which is a positive sentiment. While the 5-day moving average is at 4.433, the 20-day moving average is at 4.343.
APE/USD 1-hour price chart (Source: CoinMarketCap)
Technical indicators point to a further bullish run in the ApeCoin (APE) market as the bulls continue controlling the market.
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The post Bulls Propel Apecoin (APE) Prices by More Than 1.80% to $4.45 appeared first on Coin Edition.