APE Price Prediction: How Long Will Increase Continue?
Technical analysts employ the Elliott Wave theory to identify recurring long-term price patterns and investor psychology, which helps them determine the direction of a trend.
The most likely count indicates that APE began a five-wave upward movement after its all-time low (white). If the count is correct, the price is now in the third wave of this increase. The sub-wave count is given in black.
If the count is correct, APE will accelerate its increase and close above $1.50 soon. The most likely target for the top of the next ApeCoin price movement is at $2.30, created by giving waves one and three a 1:1.61 ratio.
This would be an increase of 55%, measuring from the current price.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.