APE asset is still exhibiting bearishnessThe Apecoin price has displayed a remarkable price structure on the daily chart, the battle between bulls and bears was intense, around October 2023, the price favored bulls from the demand zone at $1.00, and flew all the way toward the $2.70 price mark by march 13th by shattering $1.80 resistance of that time.
However, the Apecoin crypto exhibited faced deterioration as the price tumbled from a crucial supply level of around $2.70 on the charts by March 14th.
The APE crypto showed a severe crash, after it touched the resistance level and it plunged to lower levels, by following the declining trendline.
In the same way, the APE asset is still exhibiting bearishness after a drastic decline, it still shows falling capacity as it slides below the major trend 20-day and 50-day EMA bands, contingent on the sellers' surge the drastic decline could stretch for more depths..
Likewise, the Apecoin price asset is exhibiting bearish performance, as MACD is below the zero line and the RSI is not close to the 30 level at 39.69, meaning that the APE asset is not facing significant buying pressure yet and can continue to fall.
The Ape coin asset is revealing bearish signs and has the capacity to sink lower. It has recorded bad results in the previous month, and quarter by -36.13%, and -9.72%, signifying a steady downward movement.
At press time, the price is currently trading at $1.252 with an intraday decline of -9.81%. Therefore, if the price manages to break the immediate key support level of $1.00, the price will reach lower depths. However, if the price recovers and manages to break the trend line, the above targets for the APE price would be $1.50, and $1.80.
