Apecoin Price Analysis: Rising APE Price Knockout Another Barrier; is $6 Next?

A bullish breakout from a six-week-old resistance trendline initiated a recovery course for the APE price. As a result, the post-retest rally surged the altcoin by 35% as it challenged another resistance of $5.3; should you enter?.

Timeline of Apecoin-ape

After declining below the USD 21,000 level, BTC stayed above the USD 20,500 support zone and managed to surpass USD 21,000 again. It is currently (11:47 UTC) trading in a range near USD 21,000 and is down almost 2% in a day and up 2% in a week.

The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo's latest single called “From the D 2 The LBC” debuted at this year's Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the

Two legendary rappers Eminem and Snoop Dogg recently collaborated on a new track, “From The D 2 The LBC”, and performed it at the ApeFest for Bored Ape Yacht Club (BAYC) holders. ApeCoin has seen a 30% hike in less than a week after the event per crypto news site Utoday.

The rapper Eminem has shown great interest in the BAYC virtual pieces that the company Yuga Labs brought. This occurs as the crypto trade experiences a time of recession where Ethereum, and Bitcoin, are one of the most affected tokens.

The APE/USDT technical chart shows the formation of a cup and handle pattern in the 4-hour time frame chart. Amid improving market sentiment, coin buyers offered a decisive breakout from the pattern's neckline resistance of $5.

American rappers Eminem and Snoop Dogg have released a new track called “From The D 2 The LBC,” which features both artists as Bored Apes from the Bored Ape Yacht Club non-fungible token (NFT) collection in its video. The new song was first teased on social media to their fans and the Bored Ape Yacht

Popular musician Pharrell Williams has become the Chief Brand Officer of the Doodles NFT project, Solana to launch a crypto-focused smartphone and art economist says NFTs are good for the entire art market.

ApeCoin was among the hardest hit cryptocurrencies in May's market crash and this led to a sharp decline in its market value. The post ApeCoin Market Cap Sank More than $2.5 Billion in May appeared first on BeInCrypto.

Over the past five weeks, the Apecoin (Ape) traders have been actively selling at a descending trendline and plunged the altcoin to a $3.13 low. The high demand pressure at this support bolstered a double bottom pattern recovery and breached the overhead trendline.

Fresh on-chain data shows the world's biggest Ethereum whales are turning their attention to a diverse array of altcoins in multiple sectors as ETH itself struggles on the price charts. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows the top players are fond The post Biggest Ethereum Whales Flock to Apecoin, PAX Gold, Stablecoins and Three More Altcoins: On-Chain Data appeared first on The Daily Hodl.