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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

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

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.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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