The ApeCoin (APE) price has surged 130% in the last four days, with the launch of the highly anticipated ApeChain on October 21. According to Cointelegraph Markets Pro and TradingView data, APE rose from $0.861 on October 20 to $1.75 on October 21. It is currently trading at $1.53, up 16.5% in the last 24 hours and 125% in the last week.

The launch of ApeChain has expanded the use of APE in the Yuga Labs ecosystem and increased demand. Additionally, the integration of LayerZero’s Omnichain Fungible Token (OFT) standard into the ApeChain mainnet has enabled APE to be used as a transaction fee across multiple chains.

The recent rise in APE has attracted considerable interest among investors. However, with the RSI reading at 88, overbought conditions and the possibility of a correction are high. However, APE has a strong support level, which suggests that the price could rise further.

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