Apecoin (APE) Price Primed to Enter the Top 20 by Forming a New ATH beyond $30 Soon!

The post Apecoin (APE) Price Primed to Enter the Top 20 by Forming a New ATH beyond $30 Soon! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Apecoin has led the crypto space on fire since its inception and after a brief consolidation, the token again surged displaying huge bullish momentum. Despite a slight pullback in the past couple of hours, the APE price is expected to pull a massive leg up. The price may again undergo a small consolidation which induces enough strength to reach the ATH at the earliest. 

Apecoin (APE) Price Analysis

• The APE price flipped broke from the lower support close to $11 and ignited a slow yet steady uptrend towards $13

• After a small consolidation, the price surged with huge intensity by more than 30% since the early trading hours to hit $17

• Further, the price began consolidating and is experiencing a small pullback below $16 forming the flag of a huge bullish flag pattern

• The price is expected to consolidate for some time at these levels and eventually breakout to head towards the ATH and may hover around $20 at the earliest

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Apecoin (APE) Technical Analysis

Technical Indicators 

Pivotal Levels

The RSI is ranging high and eventually could undergo a slight pullback soon. A notable buying volume has been accumulated and hence the price could maintain a strong uptrend. But the asset is highly volatile and hence a drastic flip may be imminent irrespective of the direction of the rally. Therefore, Apecoin’s (APE) price carries a bullish scenario despite the current accumulation. 

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