ApeCoin(APE) is Ready for Pump Again(+40%)

10月23日

Today, I want to analyze the ApeCoin( APEUSDT ) project for you, which has increased by more than +100% in the last two or three days.

The question here is whether APE can increase again❗️❓

The recent surge in ApeCoin (APE) price in October 2024 is due to several key factors. The most prominent is the launch of ApeChain, a new layer-3 blockchain developed by Yuga Labs, which operates on the Arbitrum network. This blockchain allows for easier management of NFTs, transactions, and decentralized applications (dApps). Additionally, the integration of cross-chain bridges for transferring assets like APE, ETHUSDT , and stablecoins has enhanced the token’s utility, enabling smooth interactions across multiple blockchains​.

Moreover, ApeCoin upgraded its smart contracts to incorporate the LayerZero Omnichain Fungible Token (OFT) standard, allowing it to serve both as a gas and governance token within the ApeCoin ecosystem. This upgrade also enables automatic yield generation for APE holders, adding further value by allowing them to earn passive rewards without manual staking​

These updates, combined with a surge in sales of Bored Ape Yacht Club (BAYC) NFTs and increased market interest, have led to a doubling of ApeCoin's value in just a few days.
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ApeCoin(APE) gained more than +100% in terms of Technical Analysis with the help of Inverted Head and Shoulders Pattern.

APE is moving near the Support zone($1.150-$0.984) and the 50% and 60% Fibonacci lines.

I expect the APE to start rising again(at least 🚀+30%🚀) from the Support zone($1.150-$0.984) and attack the Potential Reversal Zone(PRZ) again if the Resistance line is broken.

⚠️Note: If APE goes below the Support zone($1.150-$0.984), we have to wait for more dumps⚠️

ApeCoin Analyze (APEUSDT), Daily time frame⏰.

🔔Be sure to follow the updated ideas.🔔

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

10月24日

交易开始

Trade was activated

10月25日

交易结束：到达目标

First Target Done, it can go up more, until now +15%.

10月26日

交易手动结束

After Israel attacked Iran, I did the Risk-Free half of the position, although the support zone($0.910-$0.850) worked well.