Bullish signal for ApeCoin; the price has increased by 25.91% in the last week. – Mag Mirror

  • ApeCoin is up 25.91% over the past week.
  • Currently, APE is trading at a price of $15.65.
  • Many whales would have accumulated more APE tokens, pushing the crypto higher.

The crypto was designed to support web3 features like games, art, storytelling, and more, and has often seen a sharp rise. Last week was a remarkable trend for APE, as it rallied by more than a 25.9% rise.

Currently, APE is trading at a price of $15.65, with a market cap of over $4.35 billion. Over the past 24 hours, it has climbed 24.85% but has seen a slight decline of 0.54% over the past hour.

Notably, on March 17, 2022, APE reached its all-time high of $27.95. Moreover, if further surges occur for the crypto, it should reach its previous ATH with a rapid rise. Moreover, after its ATH, the following day, the APE turned green at a price of $17.95. If the APE is expected to rise, at first it will likely break through this price and reach its ATH.

APE/USDT 1-day chart (source: TradingView)

However, the APE trading chart shows a downtrend on March 19, after the rise from $17.95. This caused the price of the crypto to drop all the way to $11.9. From April 11-14, APE tried to climb high but failed due to the downward movement of the global crypto market.

Since then, the crypto price waved a red signal producing lower highs, until it started to surge on April 19. This lucrative move has led to a rise in the value of the price today.

This technical move of ApeCoin shows that the momentum is up and future moves should boost its price higher. Additionally, investors can expect a 22% rally for APE and a rise in price over $17.25, which is its current high.

Significantly, the recent uptrend for ApeCoin is due to the recent accumulation of whales having 100,000 to 1,000,000 APE tokens. Since March 28, these portfolios have multiplied their holdings by 3.6% to 3.9%.


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Bullish signal for ApeCoin; the price has increased by 25.91% in the last week. – Mag Mirror

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