ApeCoin Price Prediction: 2024, 2025, 2030

APE price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart may likely prove $1.00 to be the lowest probable support, while $3.54 was recorded as the peak resistance.

2. Market sentiment

• The overall market sentiment is seen to be strongly bearish in May 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, APE might attain an average trading price of $13.75 in 2030 and over $51.05 in 2035.

Get in-depth insights on APE’s future trajectory via a complete weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

APE technical analysis: A new ATL likely on the cards for the asset

The ApeCoin price prediction for 2024 delves into the memecoin’s performance over a year, tracing its market fluctuations and highlighting key points defining its price trajectory.

The analysis commenced with APE initially falling below the peak resistance level of $3.54 in early May 2023. The token struggled to regain this high. However, as the bearish momentum solidified by early June, APE descended below $2.36. 

This level saw repeated testing and was finally rejected towards the end of June, leading to a further drop to $1.84 by early July. While a brief bullish intervention was observed at $1.84, it lacked the strength to reverse the downtrend. By mid-August, APE dipped below this mark.
 

Continued bearish dominance through August saw APE breach another significant level at $1.41. The downward pressure persisted into September, driving the token to fall below $1.18. Attempts by the bulls to stabilize the price above $1.18 in late September were futile, culminating in APE touching its yearly low at $1.04 in early October.
 

A trend reversal occurred in mid-October when the market sentiment shifted, allowing APE to spike and reclaim the $1.41 level by late October. The token managed to test $1.84 by early December. However, the downtrend took hold again.
 

The new year saw APE falling back below $1.41, where it underwent several tests of this level. By early February, a resurgence of bullish momentum enabled APE to break past $1.41 and continue an upward climb, successfully reaching the $2.36 level by late February. Nevertheless, the surge was short-lived. March brought more declines with it.
 

AMBCrypto reported that this downturn was due to a consistent decline in sales volume in the non-fungible tokens (NFT) sector since early March. Notably, NFT collections such as CryptoPunks, Bored Ape Yacht Club (BAYC), CryptoKitties, and Milady were impacted.
 

By April, corrective forces pushed APE below $1.84, returning it to its lowest support at $1.04. Based on AMBCrypto’s analysis, the drop in the BAYC floor price was a crucial factor that made APE less relevant in the markets. 
 

For the remainder of April and May, the token stabilized at the $1.18 support level. APE was trading at $1.31 at the time of writing, indicating a slight recovery.
 

According to CoinMarketCap, the asset's value has dropped 62% over the past year. The ongoing bearish pressure puts the current support level at $1.18 at high risk. If this trend persists, the price could fall below $1.04. In a more severe downturn, APE may plummet to its all-time low (ATL) value of $1.00 within the upcoming months. 
 

Conversely, if the market experiences a turnaround, the price can resume its journey to test and overcome $1.84 again within the next few weeks. Sustained buying pressure can lead the token to the peak resistance of $3.54 in the upcoming months.
 

Our AI/ML predictive models corroborate the bullish predictions, projecting long-term growth for the asset. By 2030, APE is anticipated to achieve an average trading price of $13.75, reflecting considerable growth from its current valuation. Looking ahead to 2035, the cryptocurrency may reach an impressive milestone of $51.05.

APE's 2024 roadmap: Key indicators to watch and trade

• The trading volume started out low. Interestingly, as the price continued to decline, a recovery in volume was noted from June. Notably, significant spikes in volume occurred again as the price appreciated, especially in February. 
• However, the price rejection led to a drop in volume again. This highlighted moments of market hesitation or profit-taking. At the time of writing, the volume had dipped from its recent highs but did not stoop to its initially recorded lows.
• The Moving Average Convergence Divergence (MACD) and signal lines predominantly remained below the neutral line throughout the analysis. Although the MACD line was below the signal line initially, it surpassed the signal line by late September.
• The MACD line continued above the signal line until mid-April, after which it fell below the signal line again. During March, the MACD line momentarily went past the neutral line but couldn’t sustain it and fell by early April. 
• At press time, the MACD line stood at -0.114, the signal line at -0.100, and the negative histogram value was -0.044. This indicated that strong bearish momentum was persistent within the market.
• Although the Chaikin Money Flow (CMF) began its journey above the neutral line, it dropped below this line by early June and continued its journey until early October.
• By late October, the indicator recovered again, and by late February, it had reached its highest value at 0.22. However, due to the downtrend, the CMF dipped below the neutral line in April. After fluctuating across the neutral line through April and May, the CMF showcased recovery at press time, standing at 0.03. This indicated that there was an inflow of money into the asset.