Apecoin Price Likely To Climb 20% If APE Can Sustain Its Energy

Apecoin (APE) is currently having a challenging start for November as it continues to paint its chart in red, declining by almost 15% over the last 30 days. The main cryptocurrency of the Bored Yacht Club ecosystem that was launched in March 16, 2022 is changing hands at $4.44 according to tracking from Coingecko. Here’s a quick glance at how APE has been performing this month: Apecoin finally managed to break out of its bearish price pattern after six months APE has been down by 6% over the last seven days A 20% surge is possible if volume spike is sustained beyond the $5 marker During the last 24 hours, the token went down by 7.2% and has lost 6.2% of its value over the last seven days. Still, for a newly released crypto, it has been performing well, placing 40th in raking according to market capitalization with its $1.40 billion overall valuation. Also, while Apecoin is struggling right now, its technical indicators are pointing at a possible massive surge that could happen anytime soon. Apecoin Ends Bearish Pattern With A Bullish Breakout Shortly after being released, APE immediately became a victim of the volatile nature of the crypto market as its price was caught in a descending triangle pattern which is a bearish one. Related Reading: Dogecoin Climbs 6% In Last 24 Hours – Can DOGE Maintain Its All-Green Aura? Source: TradingView But, in November 5, Apecoin managed to break free from the descending loop and starte...