After a prolonged downtrend, APE has entered a summer consolidation phase, with the range tightening week by week. Such formations usually precede a strong breakout. The market is now approaching a decisive move.
📌 Breakout to the upside may confirm a bullish pennant, with the first target around 0.64 and further potential toward dynamic resistance near 0.94. That could trigger a broader recovery.
📌 Breakout to the downside would retest the lower support zone, once again checking the real demand for the token.
⚠️ On the macro scale, APE is still trading about -97% below its ATH. Scary to buy something that has dropped this much? Maybe. But think about it — at $2 it won’t feel scary anymore. Often, these are exactly the zones where the best long-term opportunities appear.
📌 Breakout to the upside may confirm a bullish pennant, with the first target around 0.64 and further potential toward dynamic resistance near 0.94. That could trigger a broader recovery.
📌 Breakout to the downside would retest the lower support zone, once again checking the real demand for the token.
⚠️ On the macro scale, APE is still trading about -97% below its ATH. Scary to buy something that has dropped this much? Maybe. But think about it — at $2 it won’t feel scary anymore. Often, these are exactly the zones where the best long-term opportunities appear.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.