The cryptocurrency market is witnessing robust bullish momentum, with altcoins gaining traction as Bitcoin's ($BTC ) dominance declines. Bitcoin's dominance has dropped from its recent peak of 61.53% to 56.92%, creating a more favorable environment for altcoins to assert themselves. Among these, ApeCoin ($APE ) is garnering attention due to its strong weekly performance and technical indicators suggesting a major breakout may be imminent.
Potential Breakout Ahead for APE
ApeCoin has been consolidating within a falling wedge pattern—a technical setup often associated with bullish reversals—for over two years. This pattern indicates a gradual accumulation of momentum, setting the stage for a potential breakout. APE has consistently respected its lower support levels while frequently testing the wedge's descending resistance.
A confirmed breakout above the critical resistance level of $1.78 could act as a catalyst, potentially driving APE toward its first major resistance level at $2.66. This would represent a 50% increase from its current price. Sustained bullish momentum could see further resistance levels at $6.41 and $7.71 coming into play, signaling a significant recovery from the token's historic lows.
Bullish Momentum Supported by RSI
The Relative Strength Index (RSI), a key momentum indicator, currently sits at 64 for APE. This level suggests that the token has room to climb further without entering overbought territory, leaving space for additional upward movement. The RSI reflects growing bullish momentum, aligning with the broader positive market sentiment for altcoins.
What Lies Ahead for ApeCoin?
APE's technical indicators and market conditions point toward the possibility of a strong recovery. A successful breakout from the falling wedge pattern could enable the token to build further momentum, targeting higher resistance levels. The broader altcoin rally, driven by declining Bitcoin dominance, provides an ideal backdrop for ApeCoin to capitalize on its technical setup and reclaim lost ground.
Investors and traders should closely monitor APE's price action around the $1.78 resistance level. A confirmed breakout could mark the beginning of a significant upward trajectory, potentially making ApeCoin one of the standout performers in the altcoin market.
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$APE

$Trading Setup:
A Trading Signal is seen in the APEUSDT ApeCoin (1h) (futures)
Traders can open their Buy Trades NOW

⬆️Buy now or Buy on 1.52
⭕️SL @ 1.42
🔵TP1 @ 1.82
🔵TP2 @ 1.99
🔵TP3 @ 2.29

What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands

Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.

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Binance Rolls Out FLOKI and APE Airdrop Plan—Are You Eligible?

The MONKY airdrop mediated by Binance enhances trading activity for FLOKI and APE, reinforcing FLOKI’s status as a leading meme coin and APE’s strong role in the NFT ecosystem.
While Binance is managing the MONKY airdrop, the token’s listing on the exchange is not yet confirmed and will depend on MONKY passing the exchange’s stringent review process.
Crypto exchange Binance has recently announced its support for Wise Monkey (MONKY) airdrop, while offering rewards to the holders of FLOKI and ApeCoin (APE). As a result, all the eligible users will receive MONKY tokens directly into their wallets, depending on their token holdings.
The MONKY airdrop, with its customized distribution ratios, offers additional rewards for FLOKI and APE holders, enhancing value across the ecosystem.
FLOKI and APE Holders to Be Part of Binance’s MONKY Airdrop
Binance has introduced a major update for FLOKI and ApeCoin (APE) holders, confirming its participation in the Wise Monkey (MONKY) airdrop.
The initiative, featuring clear eligibility requirements and competitive distribution ratios, underscores Binance’s commitment to enhancing user value and fostering new opportunities.
As per the announcement, FLOKI holders will receive 0.35 MONKY per FLOKI token. On the other hand, APE holders stand to gain 804,828 MONKY for each APE token.
To be eligible for participation in the MOKY airdrop, users must maintain a minimum of 1 FLOKI or 1 APE in eligible Binance wallets, including Spot, Funding, and Margin accounts.
Snapshots to determine eligibility will occur on November 29 for APE and December 15 for FLOKI.
Only active wallet balances will be considered, with deposits or withdrawals in progress at the time excluded from the snapshot, reported CNF.
This airdrop will further bring attention to FLOKI and APE, thereby boosting their trading activity.
By ranking among the top meme coins, FLOKI continues to attract investor interest, while APE holds a strong position in the NFT ecosystem, thereby offering long-term appeal.
Moreover, Binance’s involvement will bring additional credibility and excitement to the overall process.
Although crypto exchange Binance will handle the MONKY airdrop, it hasn’t yet confirmed the listing of the token on the exchange. The inclusion will only depend on whether MONKY has successfully passed Binance’s rigorous review process.
This highlights Binance’s dedication to delivering transparent, user-centric initiatives that benefit the wider crypto community.
FLOKI and APE Price Surges
FLOKI’s price was trading at $0.000226, reflecting a nearly 7.25% decline at the time of writing. The meme coin reached a 24-hour high of $0.0002489, highlighting the market’s volatility.
Despite a 6% weekly drop, FLOKI has soared 73% over the past month, primarily driven by its recent Coinbase listing, reported CNF. With a market cap of $2.2 billion and a 24-hour trading volume of $701 million, FLOKI maintains its status as a key player in the meme token market.
Meanwhile, ApeCoin (APE) was priced at $1.50, down 2% from the previous day, with a 24-hour range between $1.46 and $1.62. APE benefits from its association with the Bored Ape Yacht Club, supporting its market performance.
With a market cap of $1.14 billion and a 24-hour trading volume of $367 million, both APE and FLOKI remain among the top 100 cryptocurrencies by market cap, underscoring their significant presence in the crypto space.
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