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APE price climbs 4% on the day
APE price is $1.627 at the time of writing. The token climbed 4.09% on Thursday and yielded 16.70% weekly gains for holders. APE price broke out of its downtrend on February 8. Following the trend reversal, APE price rallied steadily towards the 61.8% Fibonacci retracement of its decline from the December 2023 peak.
APE price faces resistance at the 61.8% Fibonacci level at $1.638 and the 78.6% Fib level at $1.748, on its path to the December 2023 high of $1.886.
Two technical indicators, the Awesome Oscillator and the Moving Average Convergence/ Divergence, support the ongoing trend and signal that the momentum is positive. APE is likely to rally higher. #NewYear2024 #ContentStar #HotTopicDiscussion #GateLive