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ApeCoin Price Prediction for Today, 25 November: APE May Break Up $3.2 Level

November 25, 2022
in Blockchain
Reading Time: 4 mins read
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ApeCoin Price Prediction for Today, 25 November: APE May Break Up $3.2 Level
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ApeCoin may commence a bullish movement

APEUSD Price Analysis – 25 November

An increase in the sellers’ momentum will lead to the breakdown of the support level at $2.6, which may expose APE to $1.8 and $1.4 support levels. In case the bears were not able to break down the $2.6 support level, bulls may take over and the resistance levels at $3.2, $4.1, and $4.5 may be tested.

Key Levels:

Resistance levels: $3.2, $4.1, $4.5

Support levels: $2.6, $1.8, $1.4

APE/USD Long-term Trend: Bearish

APE/USD is on a bearish movement in the daily chart. After the formation of the Triple bottom chart pattern formed at the $4.1 support level. The coin increased to the resistance level of $7.5. The sellers defend the mentioned level with the formation of bearish engulfing candles. The price dropped to the support level of $4.1. It pulled back and retest the resistance level of $6.4. The price tested the low of $2.6 support level on November 14. It is currently ranging around $2.6 and $3.2 levels.

The Relative strength index Period 14 on the daily chart is at 43 levels with the signal line pointing downwards which indicates a strong bearish signal. An increase in the sellers’ momentum will lead to the breakdown of the support level at $2.6, which may expose ApeCoin to $1.8 and $1.4 support levels. In case the bears were not able to break down $2.6 support level, bulls may take over and the resistance levels at $3.2, $4.1, and $4.5 may be tested.

 

APE/USD Price Medium-term Trend: Bullish

The ApeCoin is bullish on the medium-term outlook. The support level of $2.6 has been a strong support level for ApeCoin. The price is rejected at the level three times. The price may break up the resistance level of $3.2. The bulls’ momentum is increasing at the moment.

As a confirmation of a bullish trend, the 9-day EMA has crossed the 21-day EMA upside with the price trading slightly above the two EMAs. In case bulls continue to increase their momentum, the ApeCoin price will increase further. The relative strength index period 14 is at 49 levels with the signal line pointing up which indicates a buy signal. Apecoin is looking for investors while investors are looking for Dash 2 Trade and IMPT coins.

It is important to know that the IMPT team has announced a giveaway promo of $100K IMPT. Do not miss it for any reason. IMPT token presale is still live, and close to $13.5 million has been realized so far.

At the moment, the D2T presale is on and it has raised close to $7 million. A novel platform like Dash 2 Trade would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools.

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