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Ape APE increased by 18% in one day with the advent of crypto
Apecoin tokens rose to nearly $ 28 in April after the token airdrop
Key Breakout Positions APE for Further Profit
Apecoin APE / USD debuted in March of this year with a lot of hype. Despite the calm of the rest of the market, the APE rose strongly to test highs near $ 28. Profit was generated when investors rushed to secure a plunge profit. Apecoin is still in the trench because the tokens are traded at single digit prices. This paper found that APE is a strong cryptocurrency as bullish indicators emerge.
APE rose 18% in 24 hours and 25% in a week during the press. Profit is generated across the sector, but few coins have made strong profits as APE. We believe that the bullish momentum of APE began after a major breakout occurred.
Source TradingView
Technically, APE is bullish. Cryptocurrencies exploded a major resistance of $ 5.1 on Monday, which previously suppressed it. The MACD indicator also supports a bullish view. At the breakout, it confirms the potential sustained bullish momentum. However, there are two potential purchase zones here.
The first purchase zone is $ 5.1 resistance turn support. As the APE surged, it ran into another resistance at $ 6.0. This makes the token more susceptible to another drop. In that case, APE will return to $ 5.1. This is currently reference support. The second purchase zone is $ 6.0. When APE manages another breakout, the purchase entry becomes active. You need to monitor the price action of potential entries. The next resistance levels for APE are $ 7.2 and $ 9.0.
APE coin broke major resistance at $ 5.1. It hit another resistance for $ 6.0. Investors must buy with a retracement to $ 5.1 or another breakout above $ 6.0.
Post Apecoin returns 18% in a day how long can your profits last? First appeared in the Coin Journal.
