November 30, 2022

ApeCoin price displays strength following a bounce back from the $3.10 weekly low against USDT. The BAYC native coin saw a relief rebound as Bitcoin rallied from the $19K day low towards the $23K value area (Binance data).

ApeCoin Weekly Chart

The weekly chart confirms APE price touched the $3.10 weekly low, and the level has printed a foothold. The meme token saw amplified momentum as it targeted the resistance level at $10. Meanwhile, a break past $10 would support upswings to $12.

However, breaching $10 on its weekly chart can welcome a retest of $6.7. Nevertheless, the volume flashed impressive buy bids, propelling APE price higher.

  • Weekly resistance – $10
  • Weekly support – $6.7
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ApeCoin Daily Timeframe

ApeCoin price secured massive footing near $3.4, with what appears like the bottom on its 24hr chart. The alternative token maintained upswings beyond this foothold to explore the $7.7 highs. Meanwhile, this area presented resistance to the alt.

While publishing this blog, APE changed hands at $7.4, hovering beyond the 50 EMA (Exponential Moving Average), which matched the support barrier at $6.2. Meanwhile, weekend drawdowns would see the token securing support level at $6.2, the area corresponding with the daily 50-Exponential Moving Average.

Failure to keep the 50-EMA would plunge towards a foothold at $5.2. Meanwhile, the support might welcome potential rebounds for ApeCoin price. Increased buy bids would propel the price to retest $10, the level representing resistance on the 24hr chart.

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APE’s Relative Strength Index on the 24hr chart stays beyond 65, confirming impressive buy bids for the token. Also, the volume prints positive signals, supporting the anticipated upside journey.

  • 1Day Resistance $7.7, $10
  • 1Day support – $6.2, $5.2.

ApeCoin 4Hr Timeframe

ApeCoin’s price indicates massive strength on its 4hr chart after printing support at around $4.22. Meanwhile, the altcoin surged from this area, forming a bullish upward channel in the 4hr timeframe. APE met rejection at $9.10, triggering sell-offs on the four-hour chart.

APE has its price at $7.4, swaying beyond the 50 and 200 Exponential Moving Average at $7 and $6 on its 4hr chart. These value areas would serve as support floors for ApeCoin on the 4hr chart. Nevertheless, rallies from the 4hr timeframe low at $6.50 saw APE forming an upside trend-line.

  • 4hr resistance – $8, $10
  • 4Hr support – $7, $6.1
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Editorial credit: photo_gonzo / shutterstock.com


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