APE Technical Analysis: Adamant EMA Contains Bullish Growth

APE coin price fails to surpass the headstrong 100-day EMA resulting in an evening star pattern approaching the $10.5 mark. Key technical points: APE prices fall under all the available crucial EMAs. The coin price fails to surpass the $12.30 mark. Finally, the 24-hour trading volume of Apecoin is $561 Million, marking a 20% fall. Past Performance of APE On April 10th, the APE coin price delivered a massive breakout of the descending channel pattern, symbolizing the upcoming bullish fate. However, the coin price pivoted from the $12.3 resistance, failing to sustain above the 100-day period EMA to retest the bullish breakout. Repeating the not so ancient history, the trend reverts from the 100-period EMA with an evening star pattern. Source-Tradingview APE Technical Analysis The APE coin prices glimpsed notable bearish rejections in the past two days, which halted the bullish recovery. Hence, the price fails to sustain above the $12 mark, and if the bulls manage to do so, a bright buying signal will be illuminated. The prices trade below the bearish aligned 50 and 20-period EMA of the 4-hour chart symbolizing a bearish trend in action. RSI Indicator: The RSI slope forms a smaller peak formation as the price faces earlier rejection at the $12 mark. Hence, the indicator projects a massive supply available at the psychological barrier. MACD Indicator: The bullish trend in the MACD and signal lines continues to reach zero. However,...