Apecoin (APE) Price Analysis
Apecoin (APE) is trading in a narrow range between $1.05 and $1.20 as it remains in a consolidation phase. APE rallied to an intraday high of $1.31 on Saturday. However, with sellers active at this level, it fell back to settle at $1.15, posting an increase of 6.06%. The price fell back in the red on Sunday, dropping by 6.42% to settle at $1.08. APE recovered on Monday as it rebounded from the 20-day SMA, rising almost 7% and settling at $1.15. However, it was back in the red on Tuesday, registering a decline of 1.80% and settling at $1.14.
Selling pressure intensified on Wednesday as APE slipped below the 20-day SMA to an intraday low of $1.14. However, it recovered from this level to move above the 20-day SMA to settle at $1.14. Buyers retained control on Thursday as APE rose by 1.51% and settled at $1.17. APE attempted to push above $1.20 during the current session. However, it fell back as buyers lost momentum at $1.20. APE is currently down by 1.15% and trading at $1.15.
