ApeCoin (APE) is showing renewed strength as bulls eye the key $7 USDT resistance level. After weeks of consolidation and sideways trading, APE has started gaining upward momentum, supported by a broader recovery in the altcoin market.
๐น Why APE Could Hit $7 Soon:
Whale Accumulation: On-chain data shows increased accumulation by top holders.
Metaverse Revival: Renewed interest in Yuga Labsโ metaverse projects is pushing APE-related hype.
Technical Setup: The chart shows a breakout from the descending triangle, targeting $7 as the next resistance.
Volume Surge: Trading volume has significantly increased in the last 48 hours, indicating strong buyer interest.
๐ Key Levels to Watch:
Resistance: $6.80 โ $7.00
Support: $6.20 โ $5.90
If APE breaks and holds above $7 with volume confirmation, we could see a fast move toward the $8โ$8.50 range in the short term. However, traders should stay alert for volatility and watch Bitcoinโs movements closely.
๐ฌ Are you bullish on APE? Or taking profits early? Comment below and claim your red packet! ๐ด๐ฆ
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