ApeCoin Price Prediction for Today, January 28 – APE Technical Analysis

By Crypto Gloom On Jan 29, 2024

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ApeCoin price prediction shows APE is bullish with a rise of 2.35% as the coin prepares for a bullish crossover.

APE amplifies gains amid new themes revitalizing social indicators

Apecoin (APE) price is currently experiencing a rebound after a period of consolidation, despite the impact of the Bitcoin (BTC) Exchange Traded Fund (ETF) on other altcoins. As interest in the metaverse and game narratives grows, APE appears to be gaining support to respond to increasing selling pressure. Additionally, positive social dominance and trading volume indicators are strengthening altcoins, especially as gaming narratives gain momentum.

ApeCoin prediction statistical data:

Current ApeCoin price – $1.42
ApeCoin market capitalization – $509.7 million
ApeCoin circulating supply – 368.5 million
ApeCoin total supply – 1 billion
ApeCoin CoinMarketCap Ranking – 105th

APE/USD Market

Main level:

Resistance levels: $1.75, $1.85, $1.95

Support levels: $1.10, $1.00, $0.90

ApeCoin Price Prediction for Today, January 28 - APE Technical Analysis — APEUSD – daily chart

APE/USD appears to be trading in the green as the coin prepares to head towards the upper border of the channel with gains of 2.35% at the time of this writing. According to the daily chart, the candle formation may start to follow an uptrend, but a slide below the 9-day and 21-day moving averages could position ApeCoin price south, with the nearest support level near the $1.39 level.

ApeCoin Price Prediction: ApeCoin Price May Rise

ApeCoin price is currently hovering above its 9-day and 21-day moving averages. However, a rise towards the upper boundary of the channel may result in intense buying towards resistance levels of $1.75, $1.85, and $1.95 respectively. Conversely, ApeCoin price is likely to maintain the support level of the daily low of $1.35. So, if ApeCoin price falls below this support, it will likely hit the nearest support at $1.20.

Meanwhile, if sales continue to increase, important support levels could be located around $1.10, $1.00, and $0.90. Nonetheless, the 9-day moving average remains lower than the 21-day moving average, showing that the market could rise further if it heads north.

APE/BTC Heads North

In the Bitcoin market, buyers are expected to push ApeCoin price above the 9- and 21-day moving averages. Additionally, if buyers regain momentum in the market, the nearest resistance level on the upside could break above the upper boundary of the channel above 4100 SAT.

Looking at the cons; The nearest support level is 3000 SAT, and if the price falls further and creates a new low, lower support can be found below 2700 SAT. Additionally, if the 9-day MA stays above the 21-day MA, we can see that the market may be following an uptrend.

Meanwhile, Irtaza Ali also noted to his 8,800 followers on his Therefore, traders should expect a notable bullish rally in the coming weeks and watch closely.

$APE #update

A breakout and retest of the multi-year downtrend line has already been confirmed. A significant bullish rally is expected in the coming weeks. stay tuned #monkey. 📈#stress pic.twitter.com/YXO2fMPe9V

— Irtaza Ali (@irtaxa17) January 27, 2024

Alternatives to ApeCoin

ApeCoin (APE) is currently trading above the 9-day and 21-day moving averages and trending towards the upper boundary of the channel. Bullish pressure may maintain an upward trajectory, but a breakout of the lower boundary of the channel may indicate a bearish trend. The nearest support level is around $1.35. ApeCoin ranks 105th in the cryptocurrency market with a market capitalization of $509.7 million. At the same time, the Bitcoin Minetrix token, which has secured approximately $9.6 million in pre-sale, offers an attractive investment opportunity to capitalize on the potential returns of the cryptocurrency asset class.

BTXMTC Achieves New Record with Presale Amount Over $9.6 Million!

However, Bitcoin Minetrix (BTCMTX) stands out as an excellent alternative to Bitcoin. Surprisingly, the token generated nearly $6.7 million during the pre-sale period, leaving traders looking for investment opportunities.

You can enjoy the benefits of Bitcoin Minetrix today.