ApeCoin Nears $4 Once Again, but Can the Bulls Keep Up the Pressure?

ApeCoin reclaimed a bullish market structure
Despite recent gains, a move into the $4.5 zone could see a strong wave of selling

Bitcoin had a bearish November. Its ascent to $21.5k was brutally ended, and BTC bulls fought to hold on to the $16k-$16.2k area of support. To the north, $16.7k and $17k posed some resistance. In these conditions, ApeCoin can be forgiven for seeing dramatic losses on the price charts as well.

It seemed that it could offer another shorting opportunity in the next few days. A move upward into a zone of resistance could see a sharp reaction from APE, especially if Bitcoin also tumbled beneath the $16k mark.

A bearish breaker from early November could see APE rejected

(by Akashnath S)

ApeCoin Bitcoin

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