APE / TetherUS
Long
Updated

#APEUSDT Analysis โ€” Testing Bottom of the Channel

217
๐Ÿ“‰ #APEUSDT Analysis โ€” Testing Bottom of the Channel
๐Ÿ—“ Published: April 23, 2025
๐Ÿ•ฐ Timeframe: 1W | ๐Ÿ“Š Exchange: Binance

๐Ÿ” Technical Overview
APE is currently sitting near the lower boundary of a descending channel that has been in play since mid-2023. Historically, this zone has offered short-term bounce opportunities when tested.

๐Ÿ“Œ Structure:
โœ… Long-term Falling Channel
โœ… Testing lower support line
โœ… Previous bounces from this area led to 2xโ€“3x moves

๐Ÿ”ป Panic Level (Invalidation Zone)
๐Ÿ“‰ $0.2793
A weekly close below this level would invalidate the current bounce scenario and could lead to a sharp capitulation phase.

๐ŸŽฏ Upside Targets (If Bounce Confirmed):
Resistance 1: $0.8688 โ€” First major horizontal level

Resistance 2: $1.6642 โ€” Upper channel resistance zone
๐Ÿ“ˆ If market conditions support it, this bounce could extend toward the channel top for a potential +200% gain.

๐Ÿง  Strategy Insight
APE is deeply oversold on higher timeframes and testing historical low levels within a well-defined downtrend channel.
๐Ÿ”Ž Early buyers may look to scalp the bounce, but safer entries require confirmation above $0.60โ€“$0.70 zone.

๐Ÿ’ก Play this as a bounce trade, not a breakout โ€” unless price reclaims $1+ with volume.

๐Ÿ—ฃ Whatโ€™s Next?
Watch for weekly confirmation candles. If we get bullish divergence or reclaim MA resistance, APE could be one of the top rebounders this cycle.

๐Ÿ“ข Oversold. Unloved. But technically primed. APE might surprise again.

Please keep in mind that this is not financial advice and the purpose of these charts is to provide an idea of coin movement, not buy or sell signals. The cryptocurrency market is highly volatile and not suitable for everyone, so be aware of the potential risks before making any investment decisions. The information presented here is a personal effort and is subject to success or failure, and we welcome constructive criticism.


Good luck to all.
๐Ÿ™we ask Allah reconcile and repay๐Ÿ™
Trade active
APEUSDT +30% still has more if a breakout occurs
snapshot
๐Ÿ™we ask Allah reconcile and repay๐Ÿ™

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