ApeCoin (APE) surges 17.52% in 24 hours
ApeCoin (APE) a augmenté de 17,52% au cours des dernières 24 heures, atteignant 1,216614 $ au milieu de la reprise de Bitcoin.
Unlock of 15.6 million APE tokens on January 17th
Une prochaine libération de 15,6 millions de jetons APE le 17 janvier, représentant 2,16% de l’offre, est étroitement surveillée par les traders.
Technical analysis and price targets for APE
L’analyse technique indique qu’ApeCoin (APE) se négocie dans un canal ascendant, avec des cibles fixées à 1,67 $ et 2,10 $.
Recently, ApeCoin faced significant turbulence amid a broader market downturn, experiencing a 26% decline over the past week, triggered by Bitcoin’s sharp fall and widespread fear in the cryptocurrency market.
However, as Bitcoin rebounds and breaks through key resistance levels, bringing renewed optimism to investors, the market is showing signs of stabilization, benefiting ApeCoin.
At the moment, ApeCoin is valued at $1.216614, with a 24-hour trading volume of $363.76 million and a market capitalization of $915.69 million. APE’s market dominance stands at 0.03%, with a 17.52% increase in price over the past day.
Coindar has reported that ApeCoin will unlock 15,600,000 APE tokens on January 17th, representing about 2.16% of the circulating supply, an event closely watched by market participants as it can influence price dynamics.
Uptrend and potential price targets for ApeCoin
From a technical standpoint, ApeCoin is currently within an ascending channel pattern on the daily timeframe. If APE breaks above the 50-day moving average, upside targets are set at $1.67 and $2.10, indicating significant potential for gains.
As market sentiment improves and Bitcoin continues its upward trend, ApeCoin is well-placed to benefit from this momentum, potentially leading to a sustained recovery and higher price levels.
Source : www.tronweekly.com