TradeCityPro | APE: Key Breakout Watch in Gaming Token’s Range👋 Welcome to TradeCity Pro!
In this analysis, we’re taking a look at the APE coin — one of the prominent American gaming and metaverse projects that gained major traction during the last bull run.
⭐ Currently, APE holds a market cap of $540 million and ranks 110th on CoinMarketCap.
📅 Daily Timeframe
As shown on the daily chart, price has reached a key resistance zone and has tested it several times.
✔️ If this resistance breaks, it could confirm a trend reversal, potentially opening the way toward higher levels like 0.8990 and even 1.973.
🛒 For spot buying, an entry can be considered upon the breakout of this resistance, though it's safer to wait for confirmation of bearish momentum in Bitcoin dominance before entering a spot position on APE.
📈 However, for futures positions, this same breakout trigger can be used — either on the daily chart or lower timeframes.
🔽 On the short side, a support level has formed at 0.6073. A break below this could extend the bearish trend toward 0.3833.
⚡️ Still, there’s a major support level nearby at 0.5633. If you’re looking for a more conservative short entry, you might wait for a clean break below 0.5633.
💥 Momentum confirmation for the short position would come with an RSI breakdown below 46.46, which would signal stronger bearish pressure entering the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
