CandleFocus ApeCoin Breaks Support Levels and Targets $2.10 in Bullish Rally
2024-12-22
Author: Content Editor
ApeCoin ($APE) has rebounded from the lower boundary of its ascending channel on the daily timeframe, showing resilience. It is trading at $1.23 and approaching the key resistance level of the 50-day moving average (MA50). If there is a breakout above this level, it could solidify its bullish trajectory. The rebound has been accompanied by steady accumulation and moderate trading volume. The immediate target for ApeCoin is $1.67, with higher targets of $2.10, $2.31, and $2.79 if upward momentum continues. The ascending channel remains a strong framework, with the lower boundary acting as critical support. Surpassing the $1.50-$1.60 range and breaking the MA50 are important for maintaining momentum. Traders should monitor key levels and volume for clearer signals in the next few sessions.
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