ApeCoin is Trading 45.31% Above Our Price Prediction for Dec 14, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • ApeCoin is up 3.94% today against the US Dollar
  • ApeCoin is currently trading 45.31% above our prediction on Dec 14, 2022
  • ApeCoin gained 10.03% in the last month and is down -46.08% since 1 year ago
ApeCoin price $ 3.99
ApeCoin prediction $ 2.74 (-31.18%)
Sentiment Bearish
Fear & Greed index 26 (Fear)
Key support levels $ 3.85, $ 3.74, $ 3.68
Key resistance levels $ 4.02, $ 4.07, $ 4.18

APE price is expected to drop by -31.18% in the next 5 days according to our ApeCoin price prediction

is trading at $ 3.99 after gaining 3.94% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.87% in the same time period. APE performed well against BTC today and recorded a 1.59% gain against the world’s largest cryptocurrency.

According to our ApeCoin price prediction, APE is expected to reach a price of $ 2.74 by Dec 14, 2022. This would represent a -31.18% price decrease for APE in the next 5 days.

APE Price Prediction Chart

Buy/Sell ApeCoin

What has been going on with ApeCoin in the last 30 days

ApeCoin has been displaying a positive trend recently, as the coin gained 10.03% in the last 30-days. The medium-term trend for ApeCoin has been bearish, with APE dropping by -20.55% in the last 3 months. The long-term picture for ApeCoin has been negative, as APE is currently displaying a -46.08% 1-year price change. On this day last year, APE was trading at $ 7.39.

ApeCoin reached its all-time high price on Apr 28, 2022, when the price of APE peaked at $ 26.80. The current APE cycle high is $ 4.41, while the cycle low is at $ 2.62. APE has been displaying high volatility recently – the 1-month volatility of the coin is at 12.63. ApeCoin recorded 17 green days in the last 30 days.

ApeCoin technical analysis for today – Dec 09, 2022

The sentiment in the ApeCoin markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 3.85, $ 3.74 and $ 3.68, while $ 4.02, $ 4.07 and $ 4.18 are the key resistance levels.

Bearish sentiment for ApeCoin

9 indicators are currently signaling a bullish prediction for ApeCoin, while 15 indicators are showing a bearish forecast. With 62% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for ApeCoin.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

ApeCoin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how ApeCoin is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 4.02 (SELL) $ 3.96 (BUY)
MA5 $ 4.00 (SELL) $ 3.97 (BUY)
MA10 $ 3.99 (SELL) $ 3.95 (BUY)
MA21 $ 3.68 (BUY) $ 3.82 (BUY) $ 4.99 (SELL) $ 4.74 (SELL)
MA50 $ 3.93 (BUY) $ 3.96 (BUY)
MA100 $ 4.50 (SELL) $ 4.46 (SELL)
MA200 $ 5.04 (SELL) $ 5.39 (SELL)
Period Value Action
RSI (14) 53.15 NEUTRAL
Stoch RSI (14) 63.17 NEUTRAL
Stochastic Fast (14) 63.34 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 31.24 SELL
Awesome Oscillator (5, 34) 0.40 NEUTRAL
Momentum (10) -0.10 SELL
MACD (12, 26) 0.06 NEUTRAL
Williams Percent Range (14) -36.66 NEUTRAL
Ultimate Oscillator (7, 14, 28) 50.27 NEUTRAL
VWMA (10) 4.01 SELL
Hull Moving Average (9) 4.02 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 3.52 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for ApeCoin is at 53.15, suggesting that APE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of ApeCoin over the last 50 days. Currently, ApeCoin is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the APE closing price for the last 200 days. APE is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this ApeCoin prediction

After considering the above factors, we can conclude that the current forecast for ApeCoin price prediction is Bearish. APE would have to decrease by -31.18% to hit our $ 2.74 target within the next five days. Moving forward, it will be important to monitor the APE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term ApeCoin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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