ApeCoin Breaks Out With Degen Play Activated, Can $7.5 Be The Target?

The price of ApeCoin (APE) has recently struggled against tether (USDT) after seeing its price rejected from $7.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including ApeCoin (APE). (Data from Binance) Related Reading: Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal ApeCoin (APE) Price Analysis On The Weekly Chart The price of APE has had a difficult time replicating its bullish move that saw the price rally to $7.5 in recent months as the price rallied with a good bullish sentiment. After falling from an all-time high of $27.5, APE has struggled to stay afloat as the price fell to a low of $4. APE price has formed good support at $4 with what looks like an area of interest for buyers and investors. The price of APE closed the week with indecision between the buyers and sellers; with the new week looking more bullish, this shows strength to recover, and with this momentum from APE, we could see the price revisiting the $7.5 mark where it will face resistance to trend higher. The price of APE is faced with resistance as the price of APE is unable to trend higher in price; if APE flips this region, we could see the price going to a region of $7.5 and even higher. Weekly resistance for the price of APE – $7.5. Weekly support for the price of APE – $4.5....