$APE Short Squeeze Alert!
ApeCoin (APE) just saw an $80.3K short position liquidated at the critical price of $1.605!
The bears were caught off guard as the price surged past key resistance, triggering a short squeeze and sending APE higher in a dramatic move.
What Happened?
The liquidation indicates aggressive bearish bets were placed at $1.605, expecting further downside.
Instead, bullish momentum overwhelmed the sellers, forcing shorts to cover and fueling the price surge.
What’s Next for $APE ?
Key Resistance Level: If $APE breaks and sustains above $1.61, it could target the next resistance at $1.70, potentially setting the stage for a rally.
Support Zone to Watch: Bulls will need to defend $1.60 to maintain the upward trajectory.
A drop below this level could lead to a retest of $1.55.
Momentum Shift: This liquidation has shifted sentiment toward the bulls.
Watch for increased trading volume and potential FOMO buying to propel APE further.
Traders, Be Ready!
APE is entering a high-volatility zone. With bears on the back foot, bulls might seize the opportunity to push the price higher.
However, caution is key as the next big move could define APE’s short-term trend!
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