The new week has started with the relative bounceback of the cryptocurrency market as most of the coins are in the green zone again.
APE/USD
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.
Alex Dovbnya
