ApeCoin (APE), the first cryptocurrency that comes to mind when NFT is mentioned, gives positive signals to the sector with its upward pricing.
APE, the reflection of the NFT sector in the crypto industry, has demonstrated an effective performance in recent days. The popular NFT coin, which managed to maintain its upward trend since one dollar, climbed to the $ 1.80 band. Can APE, which exploited market volume during the NFT craze, make such a move again? What are the critical support and resistance zones to consider in APE?
The outlook is positive as resistance points continue to break with volume!
Continuing its upward pricing since one dollar, APE surpassed critical resistance levels in volume and revealed the power of buyers. At the same time, APE, strengthened by the positive trend in BTC, can move step by step towards two dollars. The factors that need to be considered in this process are the interest in NFTs, the level of relevance, and whether the increases are voluminous or not.
APE, which is currently traded at $ 1,767, may jump if an NFT craze starts again, BTC remains above $ 45,000, or Bitcoin dominance relaxes to the 50 percent band. In such a scenario, increases can be observed up to $ 2 – 2.13 and $ 2,332 respectively. If the $2,332 point, which can put a significant selling pressure on the daily chart, is broken clearly, a journey towards $5 may begin.
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