Apecoin (APE), which managed to maintain its upward movement despite the retreat in Bitcoin (BTC), attracted great attention.
Apecoin, which took effective action after breaking the falling trend, did not break its line despite the decline in BTC. The altcoin market, which lost significant value as BTC retreated to $37,700, had almost no impact on APE. The popular NFT coin seems to have the wind behind it with its technical structure. But will this situation be permanent? Can higher levels be targeted in APE?
Technical structure challenges Bitcoin (BTC)!
APE, which maintained its upward price structure from $ 1,412, retreated a little bit due to a selling pressure at $ 1,635. However, despite the increase in transaction volume on various NFT platforms, especially Opensea, and the decline in BTC, APE maintained its technical structure and moved upwards, pushing the parity back to the $ 1.60 band.
The popular NFT coin APE, which is traded at $ 1.62 as of the writing of the news, may want to target $ 1,728 – 1,836 – 2,003 and $ 2,130 respectively if it sits above $ 1,635. If the price remains below $1,492 or NFTs fall out of favor, loosening to $1,412 – 1,347 – $1.27 and $1.17 may be seen, respectively. Especially in the short-medium term price structure, the $ 1,573 level will be decisive.
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