💎 APE's market performance has recently been the center of attention. Presently, APE is experiencing a downward trend toward a critical support area, entering another phase of retesting after previously creating a Bullish Trap.
💎 For the bullish trend to continue, APE must demonstrate a strong bounce off this support level. Achieving this would enable APE to attempt a breakthrough of the 1.53 resistance level. A successful breach of this resistance could pave the way for a smooth upward trajectory, potentially reaching the targeted bearish OB area.
💎 However, should APE fail to rebound during this retesting phase at the support level, it could spell trouble. Such a failure to hold the support level would indicate a loss of bullish momentum, potentially leading to a shift back into bearish territory.
💎 Under these circumstances, the next significant level to watch would be the strong support area. A breach of this level would confirm a bearish trend, potentially leading to further declines in APE's market value.