Descending Channel 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, APEUSDT is in the range of $3.886. If the pattern continues, the price of APEUSDT might reach the resistance levels of $7.700 ,If the trend reverses, then the price of APEUSDT may fall to $2.678