Objectively speaking, the price trend of APE (ApeCoin) does show signs of being controlled, which can be clearly seen from the weekly trend chart. The currency experienced a long-term downward trend that lasted for two years, with the price falling significantly from a high of $6.4 in 2023 to $0.47. In the process, it is likely that many investors will be forced out of the market due to the continued decline in prices.
Recently, the price of APE has increased significantly, and the current price has reached $1.47. If there is extreme positive sentiment in the market, it is theoretically possible for the price to rise further to $5.4, but the probability of this happening is very low (0.01%). Investors need to be particularly careful about currencies controlled by large investors, as they are often easy victims of market manipulation, a phenomenon commonly known as "cutting leeks". Therefore, caution is warranted regarding APE's future movements, especially given the volatility and uncertainty of the cryptocurrency market.