Apecoin (APE), which lost its strength with the start of the decline in Bitcoin (BTC), began to pose a danger to its price structure.
Apecoin (APE), which was inadequate even during the rise of cryptocurrencies, has created more panic these days. The popular NFT project, which tested minor support as BTC reached $26,800, may be knocking on the door of a new low. In addition, BTC’s downward trend, the Israeli-Palestinian war and the lack of news that could turn the sector into a positive one, brought the price movement on the APE side to a much more critical level.
The next support coincides with the bottom!
APE, which is currently trying to hold on to $1,037, may experience serious selling pressure if it cannot maintain this level. The popular NFT coin, which is pricing near its all-time low, will create a new low if it cannot find support at $0.993.
NFTs coming to the fore again, BTC showing an effective performance or the tense global environment calming down may improve the APE price. The resistance levels that can be followed in such a situation are 1,076 – 1,105 – 1,125 – 1,170 – 1,207 – 1,284 and 1,318 dollars respectively.
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