1
APE gains momentum and is close to the upper trendline of the channel.
2
Buyers are trying to exit the channel highs and are looking for a reversal.
Apecoin price is trading close to the upper trendline of the falling channel pattern and is trying to grab the 20-day EMA for the past sessions. Moreover, APE price trades at the neutral region and gains traction by holding the trajectory instead of making a lower low formation. However, APE consolidates and shows lower investor interest, which does not give a strong conviction for a reversal. Bulls need a strong momentum to chase the gains but have shown indecisiveness in past sessions. APE price is trading in a downtrend and has lost over 80% of gains in the past months.
Apecoin price is trading in a narrow congestion zone and trying for a reversal. The bulls have started accumulating and looking for a rebound. Moreover, the chart structure shows that Apecoin has completed correction, and a pullback can
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