The Apecoin (APE) prices showcase a bull run ready to break the resistance trendline and approach the overhead resistance at $10. Key Technical Points: The APE prices jumped by 17.20% in the last 24 hours. The market value of Apecoin sustains above the 50-day SMA. The 24-hour trading volume of Apecoin is $670 Million, indicating a hike of 10%. Past Performance of APE The Apecoin (APE) price action shows a bullish reversal from the $3 mark and accounts for a 100% jump in the last month. The market price exceeds the $6.5 mark, and the 50-day SMA reflects a solid uptrend in motion. However, the uptrend is contained within an ascending resistance trendline, and the recent reversal from the $5.70 mark prepares for a breakout attempt. Source – Tradingview APE Technical Analysis The Apecoin (APE) prices show the daily candle challenging the ascending trendline with a 6.45% growth today. However, traders hoping to ride the breakout rally must wait for a price action confirmation. The RSI indicator reflects a continuous increase in the underlying bullishness as the RSI slope challenges the overbought boundary. Hence, the indicator demonstrates a high likelihood of a bullish breakout. Furthermore, the MACD indicator reflects a remarkable increase in the buying price as the positive histograms intensify. Moreover, the positive trend in the fast and slow lines represents an uptrend that is here to stay. In a nutshell, the APE technical an...
