As a new gaming token available on the Solana network, the APES token is making waves in the crypto market. With a market cap of $22.16 million, the gaming token shows massive upside potential as it soars in a bear market.
Will the APES price reach $0.10 in a bull market this year?
Bull Run Continues For APES
The APES price trend maintains a bullish trend in the 4-hour chart and a support trendline in the daily chart. The altcoin has increased by 361% in the last ten days and is sustaining dominance at the $0.020 psychological mark.
Source: Trading View
Following the peak formation at the $0.048 mark, the gaming token takes a drop to the newly formed support trendline near $0.016. Concluding the correction phase, the support trendline puts the APES price trend on a sideways track.
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With a double bottom formation during the lateral shift, the increasing underlying demand is clear. Further, with the recent bull cycle of 40% in two days, the APES price surpasses the neckline at $0.0225 at the 50% Fibonacci level.
Supporting the bull run, the MACD indicator shows a bullish alignment in the MACD and signal line with a recovery in histograms.
Based on the Fibonacci levels, the breakout rally in the APES price can target the 100% and 1.618% levels at $0.030 and $0.044, respectively. On the flip side, the bottom support levels are present at $0.018 and $0.016.
Listing Gains Ahead
Similar to NOT and other gaming tokens, the APES price can surge higher with listing on top platforms such as Bybit and Binance. As APES combines the gaming and memecoin segments, users can earn tokens over the Telegram bot by exercising basic tasks. Further, as APES is based on the Solana network, known for high speed and cheap transaction costs, it will continue to gain popularity in the DEX world.
In case of such a fundamental growth spree, the bull run in the APES price can witness a 5x surge to hit the $0.10 mark.
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