The APE cryptocurrency rose significantly which was a big surprise for the entire cryptocurrency market as it received a huge influx of liquidity and its volume increased by over 42,500% to reach $9.2 and it seems that the coin is about to reach a very high value. high-end to reserve its place in the top 10.
The APE coin fell after reaching an all-time high, but later managed to maintain an uptrend.
However, APE faces a big rejection at $16.3, thus forming a double top pattern, indicating the possibility of a slight drop in price, but the drop will not go below the support level at $14, 5.
Currently, the APE price is heading lower after the coin’s big rise, to move towards the lower initial support level, and a drop in price towards the $11 level is expected, and according to one from famous analysts, “This level could be good for launching APE price to great heights”.
The price of the APE at the time of writing was about $0.07619, and the market value also saw a significant increase of more than 100%, reaching $4.1 billion.
Meanwhile, the APE price is expected to reach at least $25 soon.
I keep saying this over and over but only verbally so tweeting it out – my target price for $monkey It’s $25 and has been since this morning.
This is a rationally irrational price projection because nothing in crypto is rational…
— NFTNick.eth (@allnick) March 18, 2022