- Bullish APE price prediction for 2023 is $2.541 to $3.558.
- ApeCoin (APE) price might reach $10 soon.
- Bearish (APE) price prediction for 2023 is $1.199.
In ApeCoin (APE) price prediction 2023, 2024-2030, we will analyze the price patterns of APE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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APECOIN (APE) PRICE PREDICTION 2023 |
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| APECOIN (APE) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
ApeCoin (APE) Current Market Status
| Current Price | $1.38 | 24 – Hour Price Change | 0.33% Up |
| 24 – Hour Trading Volume | $59,166,906 |
| Market Cap | $510,390,019 |
| Circulating Supply | 368,593,750 APE | All – Time High | $39.40 (On Mar 17, 2022) |
| All – Time Low | $1 (On Mar 17, 2022) |
What is ApeCoin (APE)
| TICKER | APE |
| BLOCKCHAIN | Blockchain |
| CATEGORY | ERC-20 token |
| LAUNCHED ON | March 16, 2022 |
| UTILITIES | Governance, security, gas fees & rewards |
ApeCoin (APE) is the native utility token of the APE ecosystem. It is an ERC-20 token created and managed by ApeDAO since its launch in March 2023. ApeCoin has become a famous metaverse token linked with the viral Bored Ape Yacht Club (BAYC) NFTs and Otherside metaverse.
ApeCoin (APE) is the primary governance token that grants users voting rights in its native DAO. APE holders participate in the network’s governance proposals. APE is deployed as a decentralized payment token across several web3 dApps. Developers and users gain access to the built-in services within the APE ecosystem. Also, ApeCoin (APE) is allocated as an incentive to reward developers who contribute to the network’s development.
ApeCoin 24H Technicals
(Source: TradingView)
ApeCoin (APE) Price Prediction 2023
ApeCoin (APE) ranks 73rd on CoinMarketCap in terms of its market capitalization. The overview of the ApeCoin price prediction for 2023 is explained below with a daily time frame.
APE/USDT Right Angled Descending Broadening Wedge Pattern (Source: TradingView)
In the above chart, ApeCoin (APE) laid out a right-angled descending broadening wedge, which is a bullish reversal pattern. The pattern is an inverted ascending triangle because it is made up of two converging lines with a horizontal line for the resistance and a bearish downward slant for the support.
At the time of analysis, the price of ApeCoin (APE) was recorded at $1.38. If the pattern trend continues, then the price of APE might reach the resistance levels of $1.368 and $1.872. If the trend reverses, then the price of APE may fall to the support of $0.994.
ApeCoin (APE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of ApeCoin (APE) in 2023.
APE/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of ApeCoin (APE) for 2023.
| Resistance Level 1 | $1.745 |
| Resistance Level 2 | $2.542 |
| Support Level 1 | $1.007 |
| Support Level 2 | $0.702 |
APE Resistance & Support Levels
ApeCoin (APE) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of ApeCoin (APE) are shown in the chart below.
APE/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current ApeCoin (APE) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.172Price = $1.371 (50MA < Price) |
Bullish(Uptrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 64.285 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
ApeCoin (APE) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of ApeCoin (APE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
APE/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of ApeCoin (APE).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 44.199 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 63.16 <50 = Low >50 = High |
High Volatility |
Comparison of APE with BTC, ETH
Let us now compare the price movements of ApeCoin (APE) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs APE Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of APE is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of APE decreases, if the price of BTC and ETH decreases, the price of APE increases. .
ApeCoin (APE) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of ApeCoin (APE) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| ApeCoin (APE) Price Prediction 2024 | $6 | $4.5 |
| ApeCoin (APE) Price Prediction 2025 | $7 | $4 |
| ApeCoin (APE) Price Prediction 2026 | $8 | $3 |
| ApeCoin (APE) Price Prediction 2027 | $9 | $2 |
| ApeCoin (APE) Price Prediction 2028 | $11 | $1 |
| ApeCoin (APE) Price Prediction 2029 | $15 | $0.5 |
| ApeCoin (APE) Price Prediction 2030 | $20 | $0.1 |
Conclusion
If ApeCoin (APE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish ApeCoin (APE) price prediction for 2023 is $2.545. Comparatively, if unfavorable sentiment is triggered, the bearish ApeCoin (APE) price prediction for 2023 is $0.7002.
If the market momentum and investors’ sentiment positively elevates, then ApeCoin (APE) might hit $5. Furthermore, with future upgrades and advancements in the ApeCoin ecosystem, APE might surpass its current all-time high (ATH) of $39.40 and mark its new ATH.
FAQ
1. What is ApeCoin (APE)?
ApeCoin (APE) is a famous metaverse token associated with Bored Apes Yacht Club (BAYC) NFTs. This ERC-20 token is the utility token of the APE ecosystem and a payment token deployed across web3 dApps.
2. Where can you buy ApeCoin (APE)?
Traders can trade ApeCoin (APE) on the following cryptocurrency exchanges such as Binance, WEEX, LBank, Bybit, and OKX.
3. Will ApeCoin (APE) record a new ATH soon?
With the ongoing developments and upgrades within ApeCoin platform, ApeCoin (APE) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of ApeCoin (APE)?
ApeCoin (APE) hit its current all-time high (ATH) of $39.40 on Mar 17, 2022.
5. What is the lowest price of ApeCoin (APE)?
According to CoinMarketCap, APE hit its all-time low (ATL) of $1 on Mar 17, 2022.
6. Will ApeCoin (APE) hit $5?
If ApeCoin (APE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be the ApeCoin (APE) price by 2024?
ApeCoin (APE) price might reach $6 by 2024.
8. What will be the ApeCoin (APE) price by 2025?
ApeCoin (APE) price might reach $7 by 2025.
9. What will be the ApeCoin (APE) price by 2026?
ApeCoin (APE) price might reach $8 by 2026.
10. What will be the ApeCoin (APE) price by 2027?
ApeCoin (APE) price might reach $9 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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- Source: https://thenewscrypto.com/apecoin-ape-price-prediction/
