The article discusses the current state of ApeCoin, which is holding steady at the $1 support level. There is speculation about whether the bulls are ready for a comeback or if the token will experience a breakdown. Technical indicators and recent price action suggest that ApeCoin may face continued downward pressure, with bearish signals on the 4-hour Composite Trend Oscillator and the 1-day Composite Trend Oscillator. There is a possibility of a drop in price towards the $1 support level and potentially even lower levels. However, if ApeCoin breaks above the $1 mark, it could see upward movement towards resistance levels at $1.7, $2.1, and beyond.



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