Apecoin ( #APE ) broke a significant falling trend for about 3 days and started an upward movement. In the chart below you can see that the downtrend is a trend of approximately 8 months. Breaking this downward trend contains significant hopes that the rise has now begun for APE.

APE USDT Daily-Daily

After the trend is broken, the first technical target will be 2.38 and then 3.16 regions.

What is Apecoin (APE)?

#Apecoin (APE) is an ERC-20 token created by Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. Apecoin is managed by the ApeCoin DAO and can be used to pay in decentralized applications (DApps), play games, and use other services.

Apecoin was launched on March 17, 2022 and traded around $1 at launch. Apecoin experienced a huge increase in value in the first few days after its launch, reaching its highest value of $39.40 on March 31, 2022. However, Apecoin's price has since declined and is currently trading around $10.

Apecoin has gained immense popularity since its launch and is currently one of the largest cryptocurrencies. Apecoin's popularity is driven by the popularity of the #BAYC and #MAYC NFT collectibles. BAYC and MAYC are two of the most expensive #NFT collectibles in the world, and Apecoin allows owners of these collectibles to interact and play games with each other.

Apecoin is a popular asset among investors and speculators. However, because Apecoin is a cryptocurrency and cryptocurrencies are highly risky investments, it is important for investors to evaluate Apecoin carefully and understand the risks before investing. $APE $ETH $SOL