ApeCoin: A possible sell signal may be triggered if this happens

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since touching its ATH level on 29 April, ApeCoin (APE) has seen a robust spike in its selling spree.

Timeline of Apecoin-ape

The latest from Yuga Labs, creator of the Bored Ape Yacht Club, launched Otherside recently, and in a very short time, the collection has made a name for itself, confirming that it's not just another collection from a famous creator. ApeCoin reacts as NFT space does Given the utility and hype Otherside has generated, it's

Apecoin price analysis shows a bullish trend as the coin has recovered from its intraday low of $7.06 to reach a new high at $7.71. However, this level has acted as resistance for APE and prices have pulled back below $7.50.

The Avalanche blockchain has approached the ApeCoin community with a proposal to launch its metaverse, Otherside, on an Avalanche subnet. In a proposal on ApeCoin's governance forums, Avalanche  asked the community to consider building Otherside on a subnet instead of Ethereum.

The recent downtrend took a breather at the $5.17 mark and witnessed a consolidation phase coiling the price between the $9.7 and $5.17 support. The Apecoin(APE) revealed a symmetrical triangle pattern in response to this consolidation, putting a recovery opportunity on the cards.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since 1 May, ApeCoin (APE) has seen a vigorous selling spree entailing a series of red candles that pulled the alt toward the $5.1-baseline. Then, after resonating with its peer altcoins, APE saw a lift-off

Apecoin price analysis indicates that the bulls have taken control as prices hit highs of $8.60. There is a growing positive sentiment in the market, with the support seen at $7.91 and the resistance at $8.86.

Apecoin (APE), Cosmos (ATOM), and Quitriam Finance (QTM) could together result in 10,000X gains for your cryptocurrency wallet. Add these three crypto tokens at regular intervals and you could gain handsome returns.

Cryptocurrencies can provide big returns if the portfolio has coins with good investment potential. ApeCoin (APE), Internet Computer (ICP), and Parody Coin (PARO) are three such tokens that can help you in achieving huge gains over the long term.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin faced some resistance at the $30.8k level as it formed a hidden bearish divergence with a momentum indicator on a higher timeframe, and the price of BTC slipped beneath the $30k mark once again.

The price is going high according to the hourly and daily Apecoin price analysis. This is because the bulls have managed to escape through the bearish pressure, and green candlesticks have returned to the price charts.