🚨 $APE /USDT ON EDGE – MAJOR VOLATILITY AHEAD! 🚨

APE is currently trading at $1.436, marking a -8.94% drop over the past 24 hours. It hit a high of $1.649, but the rapid sell-off has brought it to a low of $1.423, testing a critical support zone. Volatility is increasing, and a big move could be coming.

💡 KEY LEVELS TO WATCH: 💡

Resistance: $1.523 – A breakout above this could trigger a rally toward $1.649.

Support: $1.423 – If APE breaks this support, the next target could be $1.38 or lower, signaling further downside risk.

Market Analysis:

The APE/USDT pair has been trending downward after failing to maintain upward momentum, indicating strong bearish sentiment. The 15-minute chart reveals a series of lower highs, confirming a bearish trend in the short term. Trading volumes are substantial, with a 24h volume of 200.73M USDT, which suggests a heightened interest in the asset. However, the sharp drop shows selling pressure is in control.

Short-Term Signal:

Action: Sell/Short

Target: $1.38 (first target) and $1.35 (second target)

Stop Loss: $1.455

The price action reflects a near-term bearish trend as the market has broken below key support levels, indicating that further downside is likely.

Long-Term Signal:

Action: Buy (Accumulate for long-term positions)

Entry: $1.35 to $1.38

Target: $1.523 (initial recovery) and $1.649 (second target for long-term hold)

If the price consolidates and holds above $1.423, long-term buyers might find this a suitable entry point for accumulation, looking for a reversal over time.

Be ready for either a sharp recovery or continued sell-off, depending on whether support holds.