Recently I made an analysis on APE and the incoming bullish break out. In said analysis I argued that it was likely that APE needed some time to cool-off before seeing another bullish impulse. However, the bullish impulse came immediately and was huge, which led to an almost +50% move in less than 24 hours.

Since reaching ~$27.50, APE saw a huge sell-off yesterday all the way to my earlier indicated $18 area. Investors saw this area as an area of value and opportunity and quickly stepped back in earlier today, leading to another +30% rise.

In my view, the quick drop to the $18 and following rise gave investors the confidence that there’s more money to be made here. My previous target at $28 (ATH) remains, but I added another target at $32 in case we push through $28 in the coming hours/days.

Keep an eye on this coin!