Following the fourth Bitcoin halving event, ApeCoin price initially gained a buying demand; however, it failed to hold its bullish momentum due to rising bearish threats. As a result, towards its $1support. However, there’s still hope among holders as they expect APE to reach a high of $1.66 in the second half of 2024.
As the crypto market activities surge, questions arise, such as: “Does ApeCoin have the potential to hit the $ 10 mark?” or “Is ApeCoin a good investment?” or “Where will ApeCoin be in 5 years?” Let’s answer them using our ApeCoin price prediction.
Overview
| Cryptocurrency | ApeCoin |
| Token | APE |
| Price | $1.21 |
| Market Cap | $735,726,761 |
| 24-hour Trading Volume | 41,444,242 |
| Circulating Supply | 604,895,833 |
| All-time High | $39.40 |
| All-time Low | $1.00 |
ApeCoin Price Prediction: Technical Analysis
| 30-Day Price Prediction | $1.28 |
| Volatility (30-day variation) | 16.23% |
| 50-Day SMA | $1.69 |
| 14-Day RSI | 37.85 |
| Sentiment | Bearish |
| Fear & Greed Index | 54 (Neutral) |
| Green Days | 12/ 30 (40%) |
| 200-Day SMA | $1.55 |
ApeCoin Price Analysis
TL; DR Breakdown
- APE/ USD Descending Triangle Formation in play.
- Psychological support at $1 all-time low.
APE/ USD 1-Day chart: Descending Triangle Formation
APE is registering lower highs this month against a lower support level, for which the price cannot seem to break. The psychological $1 support has held firm since 2022. A break below the level will result in a new all-time low for the coin.
The pattern forms a descending triangle as bears prevent the coin from making new highs. Will sellers be able to break support? Buyers continue to hold firm at support, as shown by the MACD momentum indicator.
In most cases, the price will likely break below support on such formations.
APE/USD 4-hour price chart: Bearish momentum slows
The 4-hour ApeCoin price analysis chart shows the coin’s negative momentum is slowing, marking a break from the recent drop to $1.09.
The technical indicators on the 4-hour chart are indecisive on the market direction. The RSI is currently at 38.15, indicating a neutral market.
ApeCoin Technical Indicators: Levels And Action
ApeCoin Moving Averages
| Daily Simple Moving Average (SMA) | ||
| Period | Value ($) | Action |
| SMA 3 | 1.20 | SELL |
| SMA 5 | 1.24 | SELL |
| SMA 10 | 1.38 | SELL |
| SMA 21 | 1.36 | SELL |
| SMA 50 | 1.69 | SELL |
| SMA 100 | 1.69 | SELL |
| SMA 200 | 1.55 | SELL |
| Daily Exponential Moving Average (EMA) | ||
| Period | Value ($) | Action |
| EMA 3 | 1.24 | SELL |
| EMA 5 | 1.26 | SELL |
| EMA 10 | 1.36 | SELL |
| EMA 21 | 1.54 | SELL |
| EMA 50 | 1.71 | SELL |
| EMA 100 | 1.71 | SELL |
| EMA 200 | 1.78 | SELL |
| Weekly Simple Moving Average (SMA) | ||
| Period | Value ($) | Action |
| SMA 21 | -7.26 | BUY |
| SMA 50 | -5.22 | BUY |
| SMA 100 | -1.73 | BUY |
| Weekly Exponential Moving Average (EMA) | ||
| Period | Value ($) | Action |
| EMA 21 | 1.67 | SELL |
| EMA 50 | 1.62 | SELL |
| EMA 100 | 0.33 | BUY |
ApeCoin Oscillators
| Period | Value | Action |
| RSI (14) | 37.85 | NEUTRAL |
| Stoch RSI (14) | 86.84 | SELL |
| Stochastic Fast (14) | 34.00 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 31.11 | SELL |
| Awesome Oscillator (5,34) | -0.23 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12,26) | 0.02 | NEUTRAL |
| Williams Percent Range (14) | -66.00 | NEUTRAL |
| Ultimate Oscillator (7,14,28) | 45.43 | NEUTRAL |
| VWMA (10) | 1.30 | SELL |
| Hull Moving Average (9) | 1.29 | SELL |
| Ichimoku Cloud B/ L (9,26,52,26) | 1.42 | NEUTRAL |
What to expect from ApeCoin Price?
The ApeCoin price analysis shows APE is registering lower highs as it attempts to break the psychological all-time low at $1. The support holds strong. However, descending triangle patterns are known to break current support levels.
Recent News/ Updates on ApeCoin
The ApeCoin community, through the ApeCoin DAO, voted in favor of registering ‘.APE’ as a new top-level domain with the ICANN, the world’s authority on IP addresses and domain names. The approval process by the authority is anticipated to take one year.
In other news, ApeCoin is partnering with Caldera as its official RaaS (roll-up-as-a-service) partner as they launch ApeChain, an Arbitrum Orbit Layer 3 (L3). ApeChain will be a gaming-focused L3.
ApeCoin Price Prediction May 2024
ApeCoin faces stiff support at $1, a position expected to hold in May. A further fall in price will, in May, force the coin into oversold territory as the RSI breaks below 30. Over the short term, the short-term EMA will cross above the long-term EMA to form a golden cross, which indicates a potential upward price movement.
The ApeCoin price prediction for May 2024 is between $1.00 and $1.66, with an average of $1.28.
However, the support may not hold if the market sentiment remains negative and Bitcoin breaks below $55,000.
| ApeCoin Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| May 2024 | 1.00 | 1.28 | 1.66 |
ApeCoin Price Prediction 2024
As the second half of 2024 unfolds, APE’s trajectory diverges from its expected breakout rally post-halving. This movement is visible as it attempts to break $1 support.
Presently, APE is bearish, as evidenced by the price registering lower highs. However, current predictions hint at a market reversal in June, with the first target at $1.28.
The pivotal moment will be the breach of the $1 mark; surpassing this level could substantially decrease the probability of the price reaching the $1.83 potential high. Conversely, if the reversal happens and the price rises above $1.28, it may signal a prolonged bullish phase into 2025.
| Year | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 1.00 | 1.66 | 1.83 |
ApeCoin Price Prediction 2025
The Yuga Labs community is quickly driving more utility into the ApeCoin ecosystem. The Otherside projects, for instance, is now conducting meetings on the metaverse, moving away from Discord, which is a milestone for the community. We anticipate more growth in 2025.
APE price prediction for 2025 sets the high at $2.73. However, in case of a market correction from the post-Bitcoin halving, the APE price might rest at $2.35, making an average of $2.43.
| Year | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 2.35 | 2.43 | 2.73 |
ApeCoin Price Prediction 2026 – 2030
| Year | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 3.37 | 3.47 | 4.00 |
| 2027 | 4.91 | 5.08 | 5.84 |
| 2028 | 7.58 | 7.83 | 8.50 |
| 2029 | 11.10 | 11.49 | 13.28 |
| 2030 | 15.64 | 16.21 | 19.15 |
ApeCoin Price Prediction 2026
The year 2026 will experience more bullish momentum. As per the Apecoin APE price prediction, it will range between $3.37 and $4.00, with an average trading price of $3.47.
The growth might result from the expansion of the APE community as they continue to draw more users.
ApeCoin Price Prediction 2027
Moving into 2027, ApeCoin price forecast will climb even higher. As per APE Price Prediction, it will range between $4.91 and $5.84, an average of $5.08.
New partnerships and developments with Yuga Labs could facilitate this growth, enhancing the utility and demand for APE.
ApeCoin Price Prediction 2028
By 2028, the analysis suggests a further acceleration in APE’s growth. As per the APE Price Prediction, the price can reach between a minimum price of $7.58 and a maximum price of $8.50, an average of $7.83.
Technological developments in the Ethereum blockchain could propel growth during this period. By this period, we anticipate lower transaction costs and faster settlements on the Ethereum blockchain, facilitating the ease of use of APE, an ERC-20 token. APE may also migrate to ApeChain- the Arbitrum Orbit layer 3.
ApeCoin Price Prediction 2029
As per ApeCoin’s Price Prediction 2029, APE’s price could potentially rise and fall between $11.10 and $13.28, with a year-round average of $11.49.
ApeCoin DAO’s ongoing efforts to secure more global partnerships and achieve wider adoption of its token might play a pivotal role in this anticipated price rise.
ApeCoin APE Price Prediction 2030
Lastly, as per the APE coin Price Prediction 2030, APE’s price is forecasted to range between $15.64 and $19.15, making an average of $16.21.
This long-term optimistic view hinges on APE’s increasing global recognition and adoption. As more users and payment systems incorporate the APE token, the demand could potentially surge, driving its value higher.
ApeCoin Market Price Prediction: Analysts’ APE Price Forecast
| Firm Name | 2024 | 2025 |
| Binance | $1.167 | $1.225 |
| DigitalCoinPrice | $2.58 | $2.91 |
| CryptoPredictions | $2.375 | $2.128 |
ApeCoin Price History
2022
Yuga Labs was founded by the ApeDAO in 2022 and began trading on March 17, the same year. The coin registered high volatility following its distribution, with the price ranging between $6.48 and $39.40 in days.
The volatility was accompanied by high investor interest; on March 24 alone, Coinbase registered a trading volume of $2.3 billion. The internet was also buzzing with the keywords APE and Bored Ape Yacht Club (BAYC).
APE would then register its all-time high at $39.40 moments after being listed on Binance, the world’s largest crypto exchange.
The bullish streak was, however, short-lived. Six months later, the coin had plummeted, falling below $6, resulting in a loss of hope among investors.
By the end of the year, the coin had fallen to $3.
2023
2023 was a dull year for the crypto market as investors struggled to come to terms with the crush of the FTX exchange. The crash was an unprecedented event that resulted in the loss of billions of investor funds in the hands of Sam Bankman Fried, its then-CEO.
For the first three quarters of 2023, APE maintained a bearish trend, falling from $6.05 in January to a low of $1.09 in October.
The market sentiment changed in October as institutional interest in crypto Electronic Traded Funds (ETF) grew. There was also hype as the 2024 Bitcoin halving event approached, an event historically accompanied by bullish market cycles.
The global crypto market cap crossed the $2 trillion psychological barrier, while APE rose above $2.
2024
The hyped bull run continued into 2024 to reach a high of $2.43. Strangely, the market began reversing during the Bitcoin halving month, April, falling to a low of $1.07.
Image Source: ApeCoin Token Price, Charts & Market Insights | Your Crypto Hub
