ApeCoin (APE) holds the 33rd position on CoinGecko right now. APE price prediction 2022 is explained below with a daily time frame.
The above chart of ApeCoin (APE) laid out the descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, ApeCoin (APE) is in the range of $4.066. If the pattern continues, the price of APE might reach the resistance levels of $5.428. If the trend reverses, then the price of APE may fall to $2.701