ApeCoin Price Prediction – Will APE Price Hit $50 Soon?

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.

Irrespective of the 2021 bullish run that saw some cryptocurrencies attain a new all-time high, 2022 has been a good year for some newly listed crypto assets like ApeCoin (APE). The return on investment on ApeCoin is over 1200% according to CoinMarketCap.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will APE experience the same price volatility? We’ll find out shortly in this APE Price Prediction 2022 article. But first, let’s have a look at what ApeCoin (APE) is.

What is ApeCoin (APE)?

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. 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 $13.95 with a 24 hours trading volume of $2,698,053,889. The price of APE has increased by 16.06% in the past 24 hours.

Some of the top cryptocurrency exchanges to trade ApeCoin (APE) are Binance, Kucoin, Coinbase, Gate.io, Huobi Global, Kraken, 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 57th place on CoinGecko. 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 1-hour chart is 73.26.  This shows that APE is showing an overbought trend since it is between 70 and 100. This value is triggering a bullish run since more buyers are repositioning as the value is moving further from the 70 RSI value which is the overbought region.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for APE/USDT, we can deduce that the price of APE might remain bullish for some days since the price is increasing after a breakout around the middle of the channel. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

From the chart above, the 90-MA is below the 45-MA. However, since both moving averages are below the chart, it indicates that for long-term investors, the price of ApeCoin will rise further to give them good returns.

ApeCoin (APE) Price Prediction

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, overtaking its $14.72 resistance1 level and climb higher to $16.58 at resistance2 level, the 2022 bullish signal.

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 $9.47, a bearish signal.

Meanwhile, our long-term ApeCoin (APE) price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $39.40 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

ApeCoin (APE) Price Prediction 2022

If this bullish trend continues, APE will hit $40 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $20. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $50 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

ApeCoin (APE) Price Prediction 2023

If APE holds the support level around 90-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 $68, making it not plummet but play consistently.

ApeCoin (APE) Price Prediction 2024

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 2024. 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 $90.

ApeCoin (APE) Price Prediction 2025

In the next four years, ApeCoin price could race up to $150. In addition, reaching this level could not be so difficult for APE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that APE has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

ApeCoin (APE) Price Prediction 2026

In the next fIVE years, ApeCoin price could race up to $200. In addition, reaching this level could not be so difficult for APE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that APE has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

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 2022 ranges from $20 to $40. APE may even reach $50 if investors have decided that APE is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.