What Does APU Apustaja (APU) Price Structure Depicts?
The APU's price made its first candle on April 6th, 2024, on the MEXC exchange, where the price rose more than 450%, from $0.0002113 to $0.0012195 on the daily chart.
However, the change of wind took the game into the bears' hands, and the bulls lost grip due to instability and ended up in a wedge for the next 40 days after registering a peak. The wedge price deteriorated more than 70% of its gains and formed support at the lower border of the wedge at the $0.0003307 level.
The buyer's accumulation stopped making further lows from June 23rd onwards. The price breached the upper border of the wedge by creating a double bottom, precisely another bullish pattern inside the wedge, and that is how bullishness prevailed on the daily chart.
Based on its indicators, the 50-day EMA backs the price, the MACD histogram grew to 0.0000153, and the RSI flashed at 61.68. The indicators showcased further upside possibilities.
Therefore, the resistance is at $0.0008849 and $0.00010618. However, the slippage of $0.0007016 would lead towards 0.0005588.
