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Cryptocurrency News Articles
ApeChain (APE) Rallies 140% in Three Days, Targets $2
Oct 22, 2024 at 05:03 am
A token designed to foster the growth of art, gaming, entertainment, digital and physical events, storytelling, and the broader aspirations of Web3.
ApeCoin (APEUSD) is trading above $1 following a period of consolidation. The token experienced a surge in buying pressure after the launch of ApeCoin bridges on ApeChain, which has pushed APEUSD up by over 140% in the last three days.
If the pair drops below $1, the bullish trend may be invalidated. Near-term support is at $1.30, with any break below targeting $1.19/$1. Immediate resistance is around $1.84. If closed above this level, it may indicate a minor pullback. Potential jumps to $2/$2.15/$2.69 could occur, and surpassing $2.70 may elevate FTM to $1.25.
It’s advisable to consider buying on dips near $0.60, with a stop loss around $0.40 and a take-profit target set for $1/$1.25.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
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- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
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