{"id":29388,"date":"2022-09-18T09:25:05","date_gmt":"2022-09-18T09:25:05","guid":{"rendered":"http:\/\/egrowonline.com\/?p=29388"},"modified":"2022-09-18T09:25:05","modified_gmt":"2022-09-18T09:25:05","slug":"heres-why-apecoin-price-may-drop-below-the-4-26-support","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=29388","title":{"rendered":"Here\u2019s Why ApeCoin Price May Drop Below The $4.26 Support"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-121818\">\n<div class=\"marketThumbs\">\n<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"683\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Apecoin price\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/18015336\/2eqtzxZN.png\" \/><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"683\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/18015336\/2eqtzxZN.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Apecoin price\" \/><\/div>\n<p class=\"MarketsUp f-14 d-block\">Published 13 hours ago <\/p>\n<div class=\"Atcs\">\n<p><span data-preserver-spaces=\"true\">The V-Top reversal from the $5.7 resistance plummeted the <a target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/v-shaped-recovery-in-apecoin-price-next-targets-6-45-mark\/\" rel=\"noopener\">Apecoin price<\/a> below the $5 support. The altcoin is currently in a retest phase, and the post-retest fall may pull the prices to $4.42 support. Moreover, this level also acts as neckline support for head and shoulder pattern.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Key points Apecoin price analysis:\u00a0<\/span><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">The post-retest fall may plunge the price by 15%<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The 20-day EMA offers dynamic resistance to Apecoin priceApecoin price<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The intraday trading volume in Apecoin is $157.6 Million, indicating a 20.8% gain<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" alt=\"Apecoin price Chart\" width=\"1942\" height=\"1106\" src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2eqtzxZN.png\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2eqtzxZN.png\" alt=\"Apecoin price Chart\" width=\"1942\" height=\"1106\" \/><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Source-<\/span><span data-preserver-spaces=\"true\">Tradingview<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Apecoin daily technical chart shows the formation of a head and shoulder pattern. This bullish pattern is often found in market tops as the prices display a trend reversal, switching from higher high formation to lower low formation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Amid the recent sell-off in the crypto market, the altcoin turned down from the $5.7 resistance and bolstered the right shoulder portion of the pattern. The four-consecutive red candles registered a 19% loss and plug prices to $4.57 marked low.<\/span><\/p>\n<p>Also read: <a target=\"_blank\" href=\"https:\/\/coingape.com\/just-in-apecoin-ape-community-gets-its-separate-bayc-nft-marketplace\/\" rel=\"noopener\">Just-In: ApeCoin (APE) Community Gets Its Separate BAYC NFT Marketplace<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Furthermore, the falling prices break a 20-day EMA and the local support of $5, indicating the sellers aim for another leg down. However, today, the coin is 7% and retests the breached resistance of $5.7.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the bullish candle aligned with lesser volume indicates weakness in bearish momentum. Thus, if the selling pressure persists, the Apecoin price may revert from the $5.5 resistance and breach the neckline support of $4.24.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u00a0A bearish breakdown from this pattern would accelerate the bullish momentum and challenge the June bottom support of 4.2%. The Apecoin price could reach the $2 mark per technical set-up.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">On a contrary note, a daily candle above $5.7 will undermine the bearish pattern.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Technical Indicator<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\"><strong>Bollinger band:<\/strong> the coin price breach the pattern\u2019s midline from below, suggesting the buyers are looking for trend control. This mean line may also act as a dynamic resistance.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><strong>RSI indicator<\/strong>: the <a target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\" rel=\"noopener\">daily-RSI slope<\/a> nosedived below the neutral line indicates the bearish sentiment building up among market participants.<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Resistance levels: $5.4 and $6<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Support levels: $4.2 and $3.2<\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA121818\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nFrom the past 5 years I working in Journalism. I follow the Blockchain &amp; Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=60&amp;d=mm&amp;r=g\" \/><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" \/> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD121818\">\n<p> The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><a target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\" rel=\"noopener\">Close Story<\/a>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/markets\/heres-why-apecoin-price-may-drop-below-the-4-26-support\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published 13 hours ago The V-Top reversal from the $5.7 resistance plummeted the Apecoin price below the $5 support. The altcoin is currently in a retest phase, and the post-retest fall may pull the prices to $4.42 support. Moreover, this level also acts as neckline support for head and shoulder pattern. Key points Apecoin price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[6405,1371,164,195,216],"class_list":["post-29388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-apecoin","tag-drop","tag-heres","tag-price","tag-support"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/2eqtzxZN.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29388"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29388\/revisions"}],"predecessor-version":[{"id":29390,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29388\/revisions\/29390"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/29389"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29388"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}