APE/USD Price Bounced off Resistance

ApeCoin Price retraced lower levels, after nearly testing a strong resistance level of $4.2640. However, it appears this crypto may still be in the fight for seeing the upside. This is assumed to be so because technical indicators are still portraying that this downward rebound may not have gained significant strength to progress further.

ApeCoin Analysis Statistics Data:
ApeCoin value now: $3.9517
APE market cap: $1.38 billion
APE moving supply: 361.25 million
ApeCoinTotal Supply: 1 billion
APE Coinmarketcap ranking: #33

Key price Levels:
Top: $4.1000, $4.2000, $4.3000
Bottom: $3.9517, $3.8000, $3.7000

ApeCoin Price Prediction Today December 8, 2022: APE/USD May Still Revisit Strong Resistance

Price activities in APE/USD daily market seem to still be on the positive side even after it has faced some opposition. No sooner than the ApeCoin price tested a bit above the $4.0000 mark that some significant selling started. Consequently, this has caused price action to pull back from resistance. Despite this, price action stays above the Moving Average curve, and this reveals that the upward price movements may still be on. Also, the whole of Bollinger has taken an upside direction recently. Perhaps this is telling us that the APE/USD price may keep moving upwards and the resistance of $4.2640 might be broken. Also, the MACD lines are still rising above the 0.00 level, however, its lines aren’t that steeply poised upwards. Therefore traders can expect that price action may still break the aforementioned resistance.

ApeCoin Price Prediction Today December 8, 2022: APE/BTC Nearly Lost all Recently Gathered Profits

On the APE/BTC market, bears have nearly cut down all recently acquired gains. The latest price candle formed bullish, and this revealed that downward pressure is significant. in this session. However, price action had recently surpassed the Fibonacci 78.60 level. At the same time, the MACD lines too have reached above the equilibrium level. Also, instead of these lines taking a downward bearing, they seem to be moving sideways following the appearance of the latest bearish price candle. Furthermore, given that price action is now above the Fib 78.60 level, traders can anticipate that this support may prove to be strong. Consequently, the pair’s price may move upwards from here. Eventually, price activities in this market may move towards the 0.0002700 level.

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