APE, a top gain of the week (1314% increase); buy or sell?
The ApeCoin has been delivering the higher-lows since the day of listing in terms of the daily price chart.
APE token price action is drawing a rising wedge formation on the hourly price chart after seeing a double bottom formation.
APE investors are looking aggressively above the green signal line of the SuperTrend indicator on the hourly price chart. Besides, the Stoch RSI is approaching the overbought zone and taking support at the upward trendline (White).
The APE token is trading above the 10-day moving average on the hourly price chart. And the price action on the asset is forming a rising wedge formation (white).
ApeCoin can be a great return coin for new cryptocurrency investors. Due to the paucity of technical chart data, further price prediction becomes a bit difficult. But the token is in bullish territory and could rise sharply above the all-time peak of $18, depending on the interest of crypto buyers.
Support level- $10
Resistance level- $18
