Rising APE баасы дагы бир тоскоолдук; $6 Кийинки?

A bullish breakout from a six-week-old resistance trendline initiated a recovery course for the APE price. As a result, the post-retest rally surged the altcoin by 35% as it challenged another resistance of $5.3; should you enter?

Негизги учурлар: 

• The APE market price has appreciated 35% in the last five days.
• The 20 EMA acts as a dynamics support trendline
• Apecoin бир күндүк соода көлөмү 497.3% пайда көрсөтүп, 38.5 миллион долларды түзөт.

Булак- Tradingview

Since mid-May, the APE/USDT жуп showcased a steady downfall responding to a descending trendline. Following the resistance trendline, altcoin reached a low of $3.09 on June 15th. However, amid improving market sentiment, the coin price showed sustainability above the new support.

Thus, the buyers managed to propel the APE price to 53.7% higher, which breached the dynamic resistance trendline on June 20th. Furthermore, the minor retest got a foothold at the flipped support trendline, suggesting the market sentiment has switched from sell-on-rallies to buy-on-dips.

The sustained buying drove the APE price above the $4.8 level and, just today, the $5.33 resistance. If the buyers give a candle closing above this resistance, the accelerated buying could price to the $6 psychological level.

On a contrary note, if the sellers undermine the bullish recovery and sustain the APE price $5.33 mark, the traders can expect a minor pullback.

Техникалык-көрсөткүч

EMAs: the 200 EMA wavering around the $5.5 mark stalls the recovery rally from breaching the $5.3 resistance. However, the buyers have reclaimed the other crucial EMAs(20, 50, and 100), which could provide a significant foothold for occasional pullbacks.

RSI көрсөткүчү: Despite a trending price action, the daily-RSI walking a lateral path suggests bullish momentum is wearing off.  Thus, this bearish divergence may encourage a bearish pullback.

• Каршылык деңгээли: $ 6 жана $ 6.5
• Колдоо деңгээли: $ 5.33 жана $ 4.8