The ApeCoin price prediction reveals that APE could break toward the upper boundary of the channel to increase the bullish movement.

ApeCoin Prediction Statistics Data:

• ApeCoin price now – $1.54
• ApeCoin market cap – $510 million
• ApeCoin circulating supply – 368.5 million
• ApeCoin total supply – 1 billion
• ApeCoin Coinmarketcap ranking – #104

APE/USD Market

Key Levels:

Resistance levels: $1.90, $2.00, $2.10

Support levels: $1.20, $1.10, $1.00

APE/USD could face a new high after touching the daily low of $1.44 to touch the daily high at $1.68 as the coin currently trades at $1.54 with a bullish movement in the intraday. However, the ApeCoin price could head toward the upper boundary of the channel to touch the nearest resistance level of $1.70 level.

ApeCoin Price Prediction: APE/USD Price May Explode

For the ApeCoin price, parallel trade can only take over if the $1.60 subsidy is maintained at all costs. Currently, the 9-day moving average is below the 21-day moving average which can make the bears return into the market.

Meanwhile, if the 9-day MA crosses above the 21-day MA, the coin may continue to do well and the price could hit the resistance levels at $1.90, $2.00, and $2.10 respectively. Moreover, if the market price makes a quick turn back to the lower side, there may be a quick bearish drop which may likely roll the market down to the support levels of $1.20, $1.10, and $1.00.

APE/BTC Trades Bullishly

Against Bitcoin, the ApeCoin price is hovering above the 9-day and 21-day moving averages as the price prepares for a bullish movement. However, for the fact that the market remains within the channel, it is likely for the coin to cross above the upper boundary of the channel.

Therefore, if the buyers push the market price toward the upside, APE/BTC may likely touch the resistance level of 4400 SAT and above. On the contrary, higher selling pressure may likely cancel the bullish pattern and this could attract new sellers coming into the market with the next focus on 2800 SAT and below while the 9-day MA remains below the 21-day MA.

ApeCoin Alternatives

The ApeCoin price is seen trading in the green at the time of writing as the coin faces the upper boundary of the channel with a gain of 6.20%. However, the candle formation is currently following the upward movement but sliding toward the lower boundary of the channel might position the market price to the downside.

However, ApeCoin (APE), boasting a substantial market cap of $510 million, has already established its presence. On the other hand, $BTCMTX, currently in its presale stage, has impressively garnered over $8.7 million, signaling significant growth potential. Investors are encouraged to weigh the distinctive advantages of $BTCMTX against the established standing of ApeCoin when making informed decisions in this dynamic market.

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• Source: https://insidebitcoins.com/news/apecoin-price-prediction-for-today-january-18-ape-technical-analysis