ApeCoin (APE) Price Prediction 2022 — Will APE Hit $8 Soon?

• Bullish APE price prediction is $5.086 to $7.558.
• ApeCoin (APE) price might also reach $8 soon.
• Bearish APE  price prediction for 2022 is $3.108.

In ApeCoin (APE) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about APE to analyze the future movement of the cryptocurrency. 

ApeCoin (APE) Current Market Status

According to CoinGecko, the price of ApeCoin (APE) is $5.01 with a 24-hour trading volume of $246,131,826 at the time of writing. However, APE has decreased by 3.8% in the last 24 hours.

Moreover, ApeCoin (APE) has a circulating supply of 314,218,750  APE. Currently, ApeCoin (APE) trades in cryptocurrency exchanges such as Binance, Coin Exchange, KuCoin, Houbi Global and FTX.

What is ApeCoin (APE)?

ApeCoin (APE) is the native utility token of the APE ecosystem. It is an ERC-20 token created and managed by ApeDAO since its launch in March 2022. ApeCoin has become a famous metaverse token linked with the viral Bored Ape Yacht Club (BAYC) NFTs and Otherside metaverse.

ApeCoin (APE) is the primary governance token which grants users voting rights in its native DAO. APE holders participate in the network’s governance proposals. APE is deployed as a decentralized payment token across several web3 dApps. Developers and users gain access to the built-in services within the APE ecosystem. Also, ApeCoin (APE) is allocated as an incentive to reward developers who contribute to the network’s development.

ApeCoin (APE) Price Prediction 2022

ApeCoin (APE) holds the 39th position on CoinGecko right now. APE price prediction 2022 is explained below with a daily time frame.

The above chart of ApeCoin (APE) laid out the Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

Currently, ApeCoin (APE) is in the range of $5.014. If the pattern continues, the price of APE  might reach the resistance levels of $5.276 and $7.614. If the trend reverses, then the price of APE may fall to $4.194.

ApeCoin (APE) Support and Resistance Levels

The chart below shows the support and resistance levels of ApeCoin (APE).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for ApeCoin (APE). 

Resistance Level 1	$5.338
Resistance Level 2	$7.558
Support Level    1	$4.210
Support Level   2	$3.108

The charts show that ApeCoin (APE)  has performed a bullish trend over the past month. If this trend continues, APE might run along with the bulls overtaking its resistance level at $7.558.

Accordingly, if the investors turn against the crypto, the price of ApeCoin (APE) might plummet to almost $3.108, a bearish signal.

ApeCoin (APE) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of  ApeCoin (APE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of APE lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of ApeCoin (APE) is shown in the chart above. Notably, the ApeCoin (APE) price lies above 50 MA (short-term), so it is completely in an uptrend. Currently, APE is in a bullish state. Therefore, there is a possibility of a reversal trend of APE at any time.

Meanwhile, the relative strength index (RSI) of the APE is 47.40. This means that ApeCoin (APE) is in an oversold state. However, this means a major price reversal of APE may occur in the upcoming days. So, traders need to trade carefully. 

ApeCoin (APE) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of ApeCoin (APE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of ApeCoin (APE) . Currently, the ADX of APE lies in the range of 27.704, so it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of the ApeCoin (APE). RVI measures the constant deviation of price changes over a period of time. The RVI of APE lies above 50, indicating high volatility. In fact, the RSI of the ApeCoin (APE) is at 47.40, thus confirming a potential buy signal.

Comparison of APE with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  ApeCoin (APE).

From the above chart, we can interpret that the price changes of BTC, ETH, and APE  are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and APE would increase or decrease respectively.

ApeCoin (APE) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  ApeCoin (APE) might probably attain $11 by 2023.

ApeCoin (APE) Price Prediction 2024

With several upgrades in the network, ApeCoin (APE) might enter a bullish trajectory. If the coin grabs the attention of major investors, APE might rally to hit $15 by 2024. 

ApeCoin (APE) Price Prediction 2025

If ApeCoin (APE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, APE would rally to hit $19. 

ApeCoin (APE) Price Prediction 2026

If ApeCoin (APE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, APE would rally to hit $23. 

ApeCoin (APE) Price Prediction 2027

If ApeCoin (APE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, APE would rally to hit $27. 

ApeCoin (APE) Price Prediction 2028

ApeCoin (APE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, APE would hit $31. in 2028.

ApeCoin (APE) Price Prediction 2029

If investors flock in and continue to place their bets on ApeCoin (APE), it would witness major spikes. APE might hit $35 by 2029.

ApeCoin (APE) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in APE for the next 8 years and drive significant price rallies for the token. Hence, ApeCoin (APE) might hit $39 by 2030.

Conclusion

With continuous improvements in the ApeCoin network, we can say that 2022 is a good year for APE. For this reason, the bullish price prediction of ApeCoin (APE) in 2022 is $7.558. On the other hand,  the bearish price prediction of ApeCoin (APE) price prediction for 2022 is $3.108.

Furthermore, with the advancements and upgrades to the ApeCoin ecosystem, the performance of APE would help to reach above its current all-time high (ATH) of $26.70 very soon. But, it might also reach $8 if the investors believe that APE is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You