ApeCoin price prediction 2024-2030: APE breaks key support

Key takeaways:

• Our ApeCoin price predictions anticipate a high of $1.02 before the end of 2024.
• In 2025, it will range between $1.78 and $2.14, with an average price of $1.84.
• In 2030, it will range between $12.41 and $14.39, with an average price of $12.84.

Unlike the common sentiment of being a meme token, ApeCoin (APE) has utility. APE is an ERC-20 token that governs the ApeCoin DAO. The token also has utility within an affiliated company, Yuga Labs, the firm behind the Otherside metaverse, BAYC, and MAYC NFTs.

ill APE reach $10? What will be its price in 2025? Let’s explore these and more in the Cryptopolitan Price Prediction from 2024 to 2030.

Overview

Apecoin price prediction: Technical analysis

APE price analysis: APE rises despite inflated supply after unlock

APE will unlock 15.60 million APE tokens, constituting approximately 2.31% of the current supply. Token unlocks normally result in selling pressure due to increased supply.

As of the time of writing (October 3), APE’s price rose by 0.36%, trading at approximately $0.68 over the past 24 hours. The cryptocurrency has a market capitalization of $412 million and a trading volume of $58.07 million. APE’s trading volume dropped by 6.91%.

APE/USD 1-day chart analysis

APE/USD image source. Source: Tradingview

APE has consistently dropped from the year’s high, losing over half its value. It now faces rejection at $0.85 with support at $0.57, forming a horizontal channel. Last week, Ape was bullish and registered the highest price since August at $0.89. The move resulted in a reversal as it was overbought. The con now trades below the William Alligator moving averages, suggesting bearish momentum.

APE/USD 4-hour chart analysis

APE/USD image source. Source: Tradingview

The 4-hour chart highlights APE’s drop from its recent peak on September 24. Unlike the daily chart, it trades within a downward channel, with its relative strength index (RSI) in neutral territory.

Apecoin technical analysis: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What to expect from APE price analysis next?

APE price analysis shows the market has been bearish. It registers little momentum at current levels, meaning it will move sideways over the short term.

Is APE a good investment?

Per our analysis, APE will drop lower over the short term, and the break below 30 RSI will necessitate a reversal to previous highs.

Why is APE down?

APE has traded in a low Fibonacci over the last two months. The drop could be attributed to the wider market sentiment, whose capitalization has drastically dropped since March.

Will APE recover?

Per our Cryptopolitan price prediction analysis, APE is set to recover over the long term; however, it remains bound to the currency market sentiment over the short term.

Will APE reach $1?

APE’s immediate resistance level is $1.08. Should market volatility rise, it will likely break above $1 in the short term.

Will APE reach $10?

Per our Cryptopolitan price prediction, APE will break above $10 in 2029. At the time, APE should have bridged to ApeChain and grown much utility and applications such as in the metaverse.

Will APE reach $100?

It is unlikely that the APE price will be extended to $100 in the foreseeable future. APE will be more valuable at such a valuation than the USDT stablecoin, which is more of a ‘household’ cryptocurrency.

Does APE have a good long-term future?

APE’s utility is growing, and the launch of ApeChain is anticipated to attract more projects that use the APE token either for governance or settling fees on the chain. Yuga Labs and other new firms will likely promote APE.

Recent news/ updates

Yuga Labs co-founder and CEO Greg Solano (Garga) teased the release of a slate of new products developed by the company’s internal team in an X post on Friday. The team is focused on driving the adoption of the forthcoming ApeChain network.

Apecoin price predictions October 2024

APE finally broke $1 support, which had held strong earlier in the year. The APE October price prediction ranges between $0.68 and $0.78, with an average of $0.71.

APE price prediction 2024

For the second half of 2024, APE’s price will range between $0.57 and $1.02. The average price for the year will be $0.87.

APE price prediction 2025 – 2030

Apecoin price prediction 2025

APE will trade higher in 2025. It will range between $1.78 and $2.14. The average price for the year will be $1.84.

Apecoin price prediction 2026

The year 2026 will experience bullish momentum. According to the APE price prediction, it will range between $2.54 and $3.11, with an average price of $2.62.

APE price prediction 2027

The Apecoin price forecast climbs even higher in 2027. According to the prediction, it will range between $3.96 and $4.51, with an average trading price of $4.07.

APE price prediction 2028

According to our APE prediction, the price of APE will range between a minimum of $5.71 and a maximum of $6.83. It will average at $5.91.

Apecoin price prediction 2029

According to our APE price prediction for 2029, the price will reach a maximum of $10.24 and a minimum price of $8.35, with an annual average of $8.59.

APE price prediction 2030

The ApeCoin price prediction for 2030 indicates a price range of $12.41 and $14.39 and an average price of $12.84.

Apecoin price prediction 2024-2030

APE market price prediction: Analysts APE price forecast

Cryptopolitan’s APE price predictions

Our predictions show APE will achieve a high of $1.02 in the second half of 2024. In 2025, it will range between $1.78 and $2.14, with an average price of $1.84. In 2030, it will range between $12.41 and $14.39, with an average price of $12.84. Note the predictions are not investment advice. Seek independent professional consultation or do your own research.

APE historic price sentiment

APE price history: Source CoinStats

• Yuga Labs founded the ApeDAO in 2022. 62% of the tokens were given to the ApeDAO. 15% to BAYC and MAYC NFT holders, 16% to Yuga Labs, 14% to launch contributors, and 8% to BAYC founders.
• APE was distributed and began trading on March 17, 2022 at $7.26.
• 2022 closed with APE trading at $3.
• It remained bearish for the first three quarters of 2023. In October, it had dropped to $1.09.
• The crypto market sentiment changed in October as institutional interest in electronic traded funds rose. As the global crypto market cap broke above $2 trillion, APE broke above $2.
• The bull run continued in 2024, pushing APE as high as $2.43. The market started reversing afterward, and by June, it had fallen below $1. It crossed into August trading at $0.71.
• In September it rose to $0.87, but later corrected falling to the $0.67 mark in October.

Source