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ApeCoin Price Analysis for April 28

Price Analysis
Thu, 04/28/2022 - 15:22
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Denys Serhiichuk
How great are the chances to see the all-time high of ApeCoin soon?
ApeCoin Price Analysis for April 28
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls are getting weaker as most of the coins from the top 10 list have come back to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

APE/USD

APE is one of the biggest gainers today, going up by 9.38% over the last 24 hours.

APE/USD chart by TradingView
APE/USD chart by TradingView

On the local chart, APE has formed a resistance at $21 and support at $19.94. However, bulls do not seem likely to give up as the rate is coming back to the $21 mark. In this case, there is a high chance to see a further upward move today.

APE/USD chart by TradingView
APE/USD chart by TradingView

On the daily time frame, APE keeps rising after the test of the $18 level. If the daily candle fixes around its peak at $21, it may be a prerequisite for the continued growth to the all-time high.

APE/USD chart by TradingView
APE/USD chart by TradingView

From the mid-term point of view, APE is rising after a breakout of the $15.55 level.

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Bitcoin (BTC) Price Analysis for April 27

If nothing crucial happens until the end of the week and buyers keep controlling the situation on the market, one can expect a test of the new peak next month.

APE is trading at $20.79 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.