ApeCoin Price Prediction – Will APE Price Hit $5.29 Soon?

Is ApeCoin a good investment in 2022? Below you will find everything you need to know about APE price, technical indicators, and exchanges.

This ApeCoin (APE) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our APE price analysis and prediction. But before we move on to ApeCoin technical analysis, let’s take a brief look at the project itself.

What is ApeCoin (APE)?

ApeCoin is a community-driven project built by Yuga Labs, the startup behind the Bored Ape Yacht Club NFT collection. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.

ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize decentralized community building at the forefront of web3.

Now that we are clear about ApeCoin do you think APE will be profitable crypto in 2022? Join me and let us see the charts in this ApeCoin price analysis and APE price prediction.

ApeCoin (APE) Current Market Status

At the time of writing, ApeCoin (APE) trades at $4.85 with a 24-hour trading volume of $252,527,061. The price of APE has decreased by 2.14% in the past 24 hours.

Market Cap$1,524,173,898
Fully Diluted Valuation$4,850,677,745
Circulating Supply314,218,750
Total Supply1,000,000,000
Max Supply1,000,000,000
24 Hour Trading Volume$252,527,061

Some of the top cryptocurrency exchanges to trade ApeCoin (APE) are Binance, BTCEX, MEXC, Bybit, Bitrue, and others.

Now, let’s go to the next part of this APE technical analysis for 2022.

ApeCoin (APE) Price Analysis 2022

Currently, ApeCoin (APE) holds the 37th place on CoinMarketCap. But will the latest upgrades, development, and changes in the ApeCoin ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this APE price prediction article.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the APE price chart is 39.68. This means that APE is in neither an overbought nor oversold state. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

APE Relative Strength Index. Image: Tradingview
APE Relative Strength Index. Image: Tradingview

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of APE.

APE price prediction
APE 30-day SMA and 50-day EMA. Image: Tradingview

Since March 2022, APE price has seen many bullish moves which are higher than the previous APE. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, APE has a competitive market this year.

Is ApeCoin a good investment in 2022?

The chart below shows that ApeCoin has performed great over the past few days. Moreover, the APE price shows a bullish trend. If this trend continues, APE might run along with the bulls, thereby hitting the $5 resistance level, and reaching $5.29, the 2022 bullish signal.

APE/USD price chart. Image: Tradingview
APE/USD price chart. Image: Tradingview

Conversely, if the investors turn against the crypto, the bears might take over and push APE from its uptrend position. In simpler terms, the price of APE might decrease to almost $3.13, a bearish signal.

Meanwhile, our long-term ApeCoin (APE) price prediction for 2022 is bullish. APE has a high possibility of reaching $5.35 this year. However, that will only happen if it breaks many previous psychological resistances.

ApeCoin (APE) Price Prediction 2023

If this bullish trend continues, APE will hit $14.44 by the end of 2023. Moreover, the first half of 2023 is going to reveal fast growth, up to $10. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $16 is quite optimistic from the price point of view but undoubtedly feasible for the near future.

ApeCoin (APE) Price Prediction 2024

If APE holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $17, making it not plummet but play consistently.

ApeCoin (APE) Price Prediction 2025

As per the latest upgrades, developments, ApeCoin price prediction, and new project forecasts of the platform, APE investors could expect many partnerships and integrations around 2025. Moreover, this might boost the price of APE in the crypto market, and it will be the best investment as the price can spike and reach around $20.

Conclusion

ApeCoin has a bright future ahead of it in 2022. With the ongoing developments happening within the APE ecosystem, as well as in the overall crypto market, we may see APE reach new heights.

Bullish ApeCoin (APE) price prediction for 2022 ranges from $5.29 to $5.35. APE may even reach $14 if investors have decided that APE is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.