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:
<ul>
 	<li style="font-weight: 400">APE prices fall under all the available crucial EMAs.</li>
 	<li style="font-weight: 400">The coin price fails to surpass the $12.30 mark.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Apecoin is $561 Million, marking a 20% fall.</li>
</ul>
<h2>Past Performance of APE</h2>
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.

<img src="https://s3.tradingview.com/snapshots/i/iBJcGqum.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/iBJcGqum/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>APE Technical Analysis </h2>
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, the fast line faces rejection at the neutral line exemplifying a decrease in the bullish spread. 

In a nutshell, the APE technical analysis conveys a high likelihood of a bearish continuation below the $10.5 support level.
<h2>Upcoming Trend </h2>
<a href="https://www.cryptoknowmics.com/news/ape-technical-analysis-is-11-50-retest-a-bullish-launchpad/">APE</a> coin price must sustain above the $10.5 mark to maintain the possibility of a bullish reversal and avoid a bearish retracement to the $9.65 mark. On the opposite end, closing above the $12.30 mark will increase the likelihood of a price jump to the $14 mark.

Support Levels: $10.5 and $9.65

Resistance Levels: $12.30 and $14

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.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

APE Technical Analysis: Adamant EMA Contains Bullish Growth

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