APE → Consolidation before a possible rally. Focus on 1.200
2024-11-21
Category: gaming

BINANCE:APEUSDT  is forging a consolidation within an ascending price channel after the dump, this is a hint that the coin is getting ready to go up. 

  

Smoothly the global trend is changing to bullish. The alt season could start any minute and everything partly depends on bitcoin's dominance in the market, which is gradually decreasing as BTC approaches the psychological level of 100K. 
Technically, APE is forming a consolidation with 1.200 as resistance and 0.90 as support, but within this range, an upward channel is forming, indicating that buyers are starting to intervene in the game, gathering potential for further upside. 
A break of 1.200 could trigger a bull run towards 1.44 - 1.800. 

 Resistance levels: 1.200
Support levels: 1.032, 0.963, 0.9 

Technically, we can say that an ascending triangle is forming against 1.200. I do not exclude the fact that the price may test the support before further growth, as altcoins react extremely aggressively to any weak corrections of bitcoin. But, I would prioritize trading on a break of 1.200 resistance with the aim of further growth

Rate, share your opinion and questions, let's discuss what's going on with ★  BINANCE:APEUSDT  ;)

Regards R. Linda!