APE/USDT On Fire: Will It Keep Climbing After 105.94% Surge?

APE has rocketed up by an astounding 105.94%, reaching $1.52. The chart signals strong momentum, with the Bollinger Bands widening, indicating heightened volatility. Buyers have stepped in aggressively, pushing prices far above the upper Bollinger Band.

The RSI at 74.31, nearing overbought territory, suggests that while the rally is strong, a temporary pullback may be imminent as traders take profits. However, the bullish momentum is well-supported by substantial trading volume, keeping the trend alive.

MACD's bullish crossover adds further confirmation, with short-term moving averages (MA5 and MA10) moving upwards, reinforcing buyer control.

Key resistance lies around the $1.70 mark. If APE can break through this, it may continue the rally towards new highs, making it a chart to watch. Keep an eye on potential short-term dips for strategic buying opportunities, as the upward trend remains intact for now.