🚫 Attendees of 'ApeFest,' an offline event hosted by Yuga Labs, the developer of the famous NFT project BAYC, in Hong Kong, reported an increasing number of cases of photokeratitis, a condition caused by excessive ultraviolet ray exposure. Some attendees experienced severe eye burns after the event. Yuga Labs is actively investigating the issue, with less than 1% of attendees affected. #ApeFest #NFTEvent 👀🚨📣

$APE Long: Entered at $0.90, targeting $3.785 for a potential long-term reversal trade.

1. Breakout Above Key Moving Averages: $APE has broken through critical moving averages (MA60, MA120, and MA200) and cleared the key resistance at $0.865 with impressive strength. This is a classic signal of bullish momentum and a potential long-term reversal unfolding.

2. Volume Surge: A substantial spike in volume confirms the breakout and indicates strong buying interest. This volume surge supports the reliability of the rally, signaling that it’s not just a short-term pump, but potentially something much bigger.

3. RSI Showing Strong Momentum: While RSI(6) is overbought at 73+, RSI(24) remains neutral, leaving more room for upside. This divergence suggests we may see continued bullish momentum in the near term.

4. Double-Bottom Pattern: The recent rebound from the $0.47 low suggests a double-bottom pattern forming, a strong indicator of a potential reversal. With the ApeChain and ecosystem announcements adding fuel to the narrative, the technicals align with a long-term bullish shift.

Plan:
Stop Loss: $0.80
Price Target: $3.785

This move is supported by the convergence of strong technical indicators, the excitement surrounding ApeFest, and the hyped ApeChain launch. With volume and momentum building, this could very well mark the start of a significant long-term reversal. Time to ride this wave and see where it takes us!

#LongTrade #ApeFest #Apechain #ReversalTrade

Follow-up on my previous $APE Long post.
I’ve added more $APE at $1.365

Here’s why I’m doubling down:

1. Strong Breakout: $APE continues to ride above the critical MAs (MA120 & MA200) after breaking key resistance at $0.865. This technical momentum signals that it’s setting up for a long-term run.

2. Volume Surge: High volume continues to pour in, confirming buying strength and sustained interest in $APE . The volume surge is a clear sign that buyers are backing this rally.

3. ApeChain & Meme Power: Yuga Labs just launched ApeChain, creating a dynamic ecosystem that includes the ape.express meme launch platform. This has not only pushed $APE prices higher but also boosted the BAYC/MAYC NFT floor prices, further cementing the ecosystem’s influence. Meme coins on ApeChain with the like of $Curtis, $Banana, and $Chimps are rapidly gaining traction, driving TVL and attracting more ape and liquidity into the fold.

4. BAYC/MAYC Vibe: As a BAYC/MAYC holder, I can feel the excitement building from within the community. The ecosystem is alive with energy, and they are paving the way for something much bigger on the horizon.

Entry: $0.90
Added Position: $1.365
Stop Loss: $0.865
Target: $3.785

With ApeFest and ApeChain both fueling excitement, this could be the start of a major long-term reversal. Let’s ride this bullish momentum all the way! 🌊

#APE #Yugalabs #ApeFest #ApeChain #Meme

Disclaimer: This is my personal view and not financial advice. Please do your own research before making any investment decisions.