đđ„ ApeCoin ( $APE ) Rockets 100% After ApeChain Debut â Analysts Weigh In
đ APEâs price doubled this week, following ApeChain's launch and the start of APE staking. The tokenâs RSI hit 78, signaling strong buying pressure.
đ Analysts Predict ApeCoinâs Future
Large holders are selling their APE. Wallets holding 1-10 million APE dropped from 175 to 166, indicating a lack of trust in the price rise, despite ApeChain's debut.
â ïž RSI Warning
APE's RSI jumped from 35 to 78, suggesting the token might be overvalued. Many traders expect a price drop soon.
đ Key Price Points
APE needs to break through $1.82 and $2.07 to keep rising, with support at $1.10 and $0.94. A drop below these levels could push APE down to $0.54.
đŹ Future Price Predictions
Telegaon predicts APEâs average price in 2024 could be $2.05, with a max of $3.19. CoinCoidex, however, forecasts a 237.66% rise to $5.01 by January 2025. Analysts remain divided on APEâs future, with market data and investor moves favoring Telegaonâs cautious outlook.
