cryptocurrency

ApeCoin (APE) Price Prediction 2022 – Will APE Price Reach $8 Soon?

  • A bullish APE price forecast is $5,086 to $7.558.
  • The price of ApeCoin (APE) may also reach $8 soon.
  • The bearish APE price prediction for 2022 is $3.108.

In the ApeCoin Price Prediction (APE) 2022, we use statistics, price patterns, RSI, RVOL and other information about APE to analyze the future movement of the cryptocurrency.

ApeCoin (APE) Current Market Status

according to Queen GekkoApeCoin (APE) price is $4.72 with a 24-hour trading volume of $141,214,996 at the time of writing. However, APE is down about 0.3% in the last 24 hours.

Furthermore, ApeCoin (APE) has a circulating supply of 314,218,750 APE. ApeCoin (APE) trades on cryptocurrency exchanges such as Binance, Coinbase Exchange, FTX, Gate.io, KuCoin and Huobi Global.

What is ApeCoin (APE)?

ApeCoin (APE) is the original utility token for the APE ecosystem. It is an ERC-20 token created and managed by ApeDAO since its launch in March 2022. ApeCoin has become a popular metaverse token associated with Bored Ape Yacht Club (BAYC) NFTs and the Otherside metaverse.

ApeCoin (APE) is the core governance token that gives users voting rights in the original DAO. APE holders participate in network management proposals. APE is deployed as a decentralized payment token across many web3 dApps. Developers and users get access to the services that are included within the APE ecosystem. Also, ApeCoin (APE) is set aside as an incentive to reward developers who contribute to the development of the network.

ApeCoin (APE) Price Forecast 2022

ApeCoin (APE) ranks 40th on CoinGecko at the moment. The APE price forecast for 2022 is explained below with a daily time frame.

APE/USDT descending triangle pattern (Source: cruiserINajview)

The descending triangle appears more commonly during bearish trends and is often interpreted as a bearish signal. On the other hand, the ascending triangle pattern is reflected in the descending triangle pattern. As the price continues to make lower highs, the descending triangles are signaling to investors and traders that sellers are more aggressive than buyers. When the price exits the triangle in the direction of the general trend, the pattern is completed.

Contrary to popular belief, a descending triangle can be either bullish or bearish. More so, the regular descending triangle pattern is traditionally a bearish chart pattern. On the other hand, the descending triangle pattern can be bullish.

Currently, ApeCoin (APE) is in the $4.72 range. If the pattern continues, APE price may reach the resistance levels at $5,596 and $6,164, and if the trend reverses, APE price could drop to $4.647.

ApeCoin (APE) Support and Resistance Levels

The chart below shows the support and resistance levels for ApeCoin (APE).

Monkey USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for ApeCoin (APE).

  • Resistance Level 1 – $5,338
  • Resistance Level 2 – $7.558
  • Support Level 1 – $4,210
  • Support Level 2 – $3.108

The charts show that ApeCoin (APE) has performed bullishly over the past month. If this trend continues, APE may work in tandem with the bulls taking out the resistance at $7.558.

Accordingly, if investors turn against the cryptocurrency, the price of ApeCoin (APE) could drop to close to $3.108, which is a bearish sign.

ApeCoin (APE) Price Prediction 2022 – RVOL, MA and RSI

The relative volume (RVOL) of ApeCoin (APE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of the APE is below the cutoff line, indicating weakness of participants in the current trend.

Also, the moving average (MA) for ApeCoin (APE) is shown in the above chart. Notably, the price of ApeCoin (APE) is below 50 MA (short term), so it is bearish. Currently, APE is in a downturn. Therefore, there is a possibility of a reversal of the trend of the APE at any time.

Meanwhile, the Relative Strength Index (RSI) of APE is 33.42. This means that ApeCoin (APE) is almost in an oversold state. However, this means that a major APE price reversal may occur in the coming days. Therefore, traders need to trade carefully.

ApeCoin (APE) Price Forecast 2022 – ADX, RVI

Let us now take a look at the ApeCoin (APE) Average Directional Index (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above chart represents ADX for ApeCoin (APE). Currently, the ADX Indicator for APE is in the range of 18.773, thus it is indicating a weak trend.

The above chart also represents the ApeCoin Relative Volatility Index (RVI) (APE). RVI measures the continuous deviation of price changes over a period of time. APE’s RVI is below 50, which indicates low volatility. In fact, the ApeCoin Relative Strength Index (APE) is at 33.42 confirming a possible sell signal.

Comparison of APE, BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and ApeCoin (APE).

BTC Vs ETH Vs APE Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of APE is different from BTC and ETH. This indicates that when the price of BTC and ETH goes up, the price of APE goes down. When the price of BTC and ETH decreases, the price of APE increases.

ApeCoin (APE) Price Forecast 2023

If the decrease in price movement completely slows down in momentum and the trend reverses, ApeCoin (APE) It could reach $8.5 by 2023.

ApeCoin (APE) Price Forecast 2024

With several network upgrades, ApeCoin (APE) may enter an upward trajectory. If the coin catches the attention of major investors, the APE could rise to $9 by 2024.

ApeCoin (APE) Price Forecast 2025

If ApeCoin (APE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next seven years, APE will rise to $9.5.

ApeCoin (APE) Price Forecast 2026

If ApeCoin (APE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, APE will rise to $10.

ApeCoin (APE) Price Forecast 2027

If ApeCoin (APE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, APE will rise to $10.8.

ApeCoin (APE) Price Forecast 2028

ApeCoin (APE) maintains a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By driving significant price hikes, APE would reach $11.5. in 2028.

ApeCoin (APE) Price Forecast 2029

If investors flock and continue to place their bets on ApeCoin (APE), this will see huge spikes. APE could reach $12 by 2029.

ApeCoin (APE) Price Prediction 2030

With the biggest advancements in the primary attention token platform, the crypto community may continue to invest in APE over the next eight years and drive significant price hikes for the token. Thus, the value of ApeCoin (APE) could reach $13 by 2030.

conclusion

With the continuous improvements in ApeCoinNetwork, we can say that 2022 is a good year for APE. For this reason, the bullish price forecast for ApeCoin (APE) in 2022 is $7.558. On the other hand, the bearish price prediction for ApeCoin (APE) for 2022 is $3,108.

Moreover, with the advancements and upgrades of the core interest token system, it will help the performance of APE to reach an all-time high (ATH) of $26.70 soon. But, it could also be as low as $8 if investors think APE is a good investment in 2022.

Instructions

1. What is ApeCoin (APE)?

ApeCoin (APE) is a popular metaverse token associated with Bored Apes Yacht Club (BAYC) NFTs. This ERC-20 token is a utility token for the APE ecosystem and a payment token that is published via web3 dApps.

2. Where can you buy ApeCoin (APE)?

ApeCoin (APE) is listed on several cryptocurrency exchanges which include Binance, Coinbase Exchange, FTX, Gate.io, KuCoin and Huobi Global.

3. Will ApeCoin (APE) reach a new ATH soon?

With the continuous developments and updates within the platform, APE has a high potential to reach ATH soon.

4. What is the highest ever price (ATH) for ApeCoin (APE)?

On April 28, 2022, ApeCoin (APE) reached an all-time high (ATH) at $26.70.

5. Is ApeCoin (APE) a good investment in 2022?

ApeCoin (APE) appears to be one of the most profitable cryptocurrencies this year. According to the achievements of the APE protocol in the past few months, APE is a good investment in 2022.

6. Can ApeCoin (APE) reach $8?

ApeCoin (APE) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, ApeCoin (APE) will reach $8 soon.

7. What will be the price of ApeCoin (APE) by 2023?

The price of ApeCoin (APE) is expected to reach $8.5 by 2023.

8. What will be the price of ApeCoin (APE) by 2024?

ApeCoin (APE) The price is expected to reach $9 by 2024.

9. How much will the price of ApeCoin (APE) be in 2025?

The price of ApeCoin (APE) is expected to reach $9.5 by 2025.

10. What will be the price of ApeCoin (APE) by 2026?

The price of ApeCoin (APE) is expected to reach $10 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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