ApeCoin Price Prediction for Today, January 28 – APE Technical Analysis| Trending Viral hub

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ApeCoin price prediction reveals that APE is moving bullishly with a 2.35% gain, as the coin prepares for a bullish crossover.

APE to amplify earnings amid renewed theme energizing social metrics

ApeCoin (APE) price is currently experiencing a rally following a period of consolidation, even amid the impact of Bitcoin (BTC) exchange-traded funds (ETFs) on other altcoins. As interest in the metaverse and gaming narrative intensifies, APE appears to be gaining support to counter growing selling pressure. Additionally, positive social dominance and volume metrics are boosting altcoins, especially as the gaming narrative gains momentum.

ApeCoin prediction statistics data:

  • ApeCoin price now: $1.42
  • ApeCoin market cap: $509.7 million
  • ApeCoin circulating supply: 368.5 million
  • ApeCoin Total Supply: Billion
  • ApeCoin Coinmarketcap Ranking – #105

APE/USD Market

Key levels:

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 is seen trading in the green at the time of writing as the coin prepares to face the upper boundary of the channel with a 2.35% gain. Based on the daily chart, the candlestick formation may start to follow the upward movement, but falling below the 9-day and 21-day moving averages could position the monkey coin price south, and the nearest support level lies around the $1.39 level.

ApeCoin Price Prediction: ApeCoin Price May Shoot Up

ApeCoin price is currently above the 9-day and 21-day moving averages. However, a rise towards the upper boundary of the channel could trigger intense buying up to the resistance levels of $1.75, $1.85 and $1.95 respectively. On the contrary, ApeCoin price is likely to hold a support level of $1.35, which could be the daily low. Therefore, if ApeCoin price falls below this support level, it is likely to reach the nearest support at $1.20.

Meanwhile, critical supports could be located around $1.10, $1.00, and $0.90 if the sales volume continues to increase. However, the 9-day moving average remains below the 21-day moving average, revealing that the market can gain more by looking north.

APE/BTC heads north

In the Bitcoin market, buyers are expected to drive the price of monkey coin above the 9- and 21-day moving averages. Furthermore, the nearest bullish resistance level could breach the upper channel boundary at 4100 SAT and higher as buyers regain momentum in the market.

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

Looking at the disadvantages; the nearest support level is 3000 SAT, if the price falls further to create a new low, lower support could be found at 2700 SAT and below. Furthermore, if the 9-day moving average holds above the 21-day moving average, this could confirm that the market can continue the upward movement.

Meanwhile, Irtaza Ali also mentioned to his 8.8k followers on his X account that there has been confirmation of a breakout and subsequent retest of a multi-year descending trend line for ApeCoin (APE). Therefore, traders should expect a notable bullish surge in the coming weeks and also stay alert and watch closely.

Alternatives to ApeCoin

ApeCoin (APE) is currently trading above the 9-day and 21-day moving averages, trending towards the upper boundary of the channel. Bullish pressure could sustain the upward trajectory, but breaching the lower boundary of the channel could signal a slowdown. The nearest support level is around $1.35. With a market capitalization of $509.7 million, ApeCoin is ranked 105 in the crypto market. Simultaneously, the Bitcoin Minetrix The token, with nearly $9.6 million secured in its pre-sale, presents an attractive investment opportunity to capitalize on potential returns in the cryptocurrency asset class.

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