$APE ApeCoin (APE) is currently showing a bearish trend as it struggles to maintain its support levels. Trading around $1.554, the market sentiment has been impacted by the general downturn in the crypto market and weaker demand for NFT-related tokens like APE. Despite efforts from the ApeCoin DAO to push forward governance and utility upgrades, investor interest remains low.

The immediate resistance stands at $1.60, while the next significant support is at $1.50. If the bears continue to dominate, APE could break below $1.50, potentially triggering more sell-offs. However, if the token recovers and surpasses the $1.60 level, a short-term rebound might follow.

**Target Price**: $1.60

**Sell Price**: $1.50

This outlook remains cautious, but any positive market developments could help shift momentum in APE’s favor.

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what’s your opinion