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Cryptocurrency News Articles

APE Coin Is Ready to Skyrocket in the Near Future, Here's Why

Oct 28, 2024 at 03:01 am

APE is definitely one of the most legendary NFTs on the crypto market, that's why you can be pretty sure that this coin will skyrocket in the near

APE Coin Is Ready to Skyrocket in the Near Future, Here's Why

APE is definitely one of the most hyped NFTs on the crypto market, which usually leads to a good performance on the price action. Last week we saw a good pump and this pullback is giving all market participants a good opportunity. Now you really cannot say that you missed this cheap price.

On the chart, we can see a bearish pullback, this is really classic on crypto, nothing to be afraid of. The price is only retesting the previous ascending parallel channel and is currently approaching my buy zone. If you are reading this and you don't have any APE coins, you can feel really lucky for this pullback.

From the Elliott Wave perspective, this coin is currently in major wave 3. Usually wave 3 is the strongest of all of them. I expect a minimum of 10x profit in 2025, but can go even much higher than that as FOMO may kick in. But let's be realistic for now.

News source:www.binance.com

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