Is APE Ready for a Rise? What Level Should Investors Wait for?

• Ape has experienced a 9% increase in the last 4 days.
• If the Ape price rises above the level of $4.36, it can continue the upward trend.
• Should Ape investors wait for the price level of $5?

Medium-Term Ape Price Analysis!

12 Hour Ape Price Chart Source: TradingView

When we examine the Ape price chart, we see that it has exhibited movements close to the important resistance level. At the same time, Ape has achieved a rising performance for the last 2 days.

When we examine the resistance zones of Ape, we see that the $4.36 level is the resistance zone. If the Ape price manages to rise above the $4.36 level and close daily candles above that zone, it can continue the upward trend.

If the Ape price closes daily candles above the level of $4.36, its first target will be the level of $4.63.

If the Ape price cannot break the level of $4.36, it can realize the downward movement up to the level of $3.80.

Short-Term Ape Price Analysis!

1 Hour Ape Price Chart Source: TradingView

When we examine the Ape price chart in the 1-hour time frame, it was moving close to the important resistance zone of $4.25 at the time of writing.

If the Ape price makes hourly candle closures above the important resistance zone of $4.25, it can realize its rise up to the level of $4.36. Ape price needs to turn the $4.25 level into support to rise to the level of $4.36.

If the Ape price cannot break the resistance level of $4.25, it can start the downward trend from this zone, and investors can see a downward movement up to the level of $4.