APE: Approaching Support

Ape Coin (APE) technical analysis:

Trade setup: Trends are improving, although price still needs to break above 200-day moving average (~$1.81) to confirm an Uptrend. But if it does, it could revisit $2.00 or even $2.50 thereafter.

Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $1.50 (previous resistance), then $1.00. The nearest Resistance Zone is $2.00, then $2.50.
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