Apecoin (APE) ranging between $9.470 and $7.510 at the resistance2 and resistance1 levels in the recent past, and then touched $3.19 support2 level and $4.69 support1 level.
ApeCoin Price Prediction 2022
Irrespective of this sideways movement in the price of APE, we can deduce the following:
1. APE coin’s price is expected to reverse at the $7.510 resistance1 level, based on the history of price in May 2022. In the event that investors get their way, it could surge into the $9.47 resistance2 level before reversing, due to the formation of a double top.
2. Resistance1 level reverse will lead to a further decline in the price of APE to the support2 level at $3.196 until a triple bottom is formed. This could lead to a bullish reversal.
Nevertheless, we predict a bullish APE price prediction for 2022 as psychological barriers may be broken. We can expect APE to reach $25 this year.