APE Overall Trend Analysis
Long-term Trend: Bearish Dominance (Downward Trend)
From the chart, APE has been oscillating downward from the high point on the left side of the chart (over $2.1), forming a clear downward trend.
From December until the end of March, the price continued to decline, with MA30 long-term suppressing the price.
The price reached a low of around $0.3482 (mid-April).
Recent Trend: Initial Signs of Bullishness
From the end of April to now, the price has started to rise.
The current price is around $0.67, having surpassed three moving averages, with MA7 and MA15 showing a golden cross (short-term bullish signal).
MA30 has shifted from being a resistance to a support, and the price is beginning to oscillate above the moving averages.
Important Support and Resistance
Support Levels
Around $0.60: MA30 is currently at this position, and the price has tested it multiple times without breaking.
$0.52 - $0.54 Range: Previous multiple lows coincide with the MA15 area, providing support.
Resistance Levels
Around $0.80: Previous multiple high points during oscillating rebounds.
$1.00 Key Psychological Level: Significant resistance, a focal point for the battle between bulls and bears.
Trading Recommendations
Short-term Traders:
Can pay attention to whether the support near MA15 is effective, with stop-loss set below MA30 (around $0.58).
If it breaks above $0.80, consider increasing positions.
Medium-term Investors:
If it continues to maintain above the three moving averages and breaks above $0.80, consider holding for the medium term, targeting $1.00 or even higher.
