The new week has started with the relative bounceback of the cryptocurrency market as most of the coins are in the green zone again.
ApeCoin (APE) could not follow the rise of other coins, falling by 10%.
On the local time frame, the altcoin has made a false breakout from the formed $14,9134 level.
However, if bulls seize the initiative and return the rate to the resistance at $15.53, the rise may continue to the $16 mark.
On the bigger time frame, the situation is neither bullish nor bearish. At the moment, one needs to pay close attention to the daily closure. If bulls can hold the $15.50 mark, there is a high chance to see a further rise within the next few days.
From the mid-term point of view, ApeCoin (APE) has bounced off the vital level at $15, which means that bulls keep controlling the situation on the market. But if sellers' pressure continues, the fall may lead to a drop around $14.
APE is trading at $15.45 at press time.