Since last month, the APE/USDT pair has dropped 67% and marked a new low of $3.13. This downfall respects a descending trendline which provides a dynamic resistance to coin price. However, a potential bullish reversal from $3.2 support may challenge this resistance trendline for recovery opportunity.
Key points:
A bullish breakout from the dynamics OBV indicator and brakeout may drive APE price by 145%
The 50 EMA assists sellers in maintaining the ongoing downtrend.
The intraday trading volume in Apecoin is $407.6 Million indicating a 50.8% gain.