Amid the new year recovery in the crypto market, the Metaverse tokens have shown higher gains than the rest of the market. Moreover, the sustained rally in a majority of meta tokens has breached their respective crucial resistance zone, which could offer long entry opportunities to interested traders. Today we’ll analyze some tokens of this category in their daily time frame chart.
Apecoin
Source-Tradingview
Over the past two months, the Apecoin price showed the formation of a symmetrical triangle pattern. The two converging trendlines of the pattern had temporarily limited this meta coin growth, as the overall market was struggling with uncertainty.
On January 5th, the APE price breached the pattern’s resistance trendline, which hints the release of trapped bullish momentum. The post-breakout rally has surged the prices 15% higher, where it currently trades at $4.68.
Moreover, with today’s price jump, the Apecoin price also breached a local resistance of $4.57. This upward b
We współpracy z: https://coingape.com/markets/metaverse-tokens-show-double-digits-gains-are-they-finally-on-the-move/
