ApeCoin (APE) Trying to Find a Low Buyer

ApeCoin (APE), which has come back to its all-time low, may start deep declines if it cannot find support.
Having tested $1.82 a few days ago, APE had hit an all-time low. Receiving a relatively reaction from this value, APE reached up to $2.05. However, APE, which fell again with BTC turning its course down, took the breath at the lowest level. APE, which is trading at $1.89 as of writing, could depreciate enormously if it fails to maintain its bottom level.
Currently trying to find buyers at $1.89, APE can target 1.96 – 2.05 – 2.19 – 2.33 – 2.52 – 2.89 – 3.06 and 3.16, respectively, if its momentum turns positive. In this process, both the news flow from the APE ecosystem and the course of the NFT trend are critical elements.
Using the Fibonacci indicator can offer clues to comment on the support levels on the APE side. According to the Fiboncci indicator, the support levels on the APE are $1.82 – $1.75 and $1.57 respectively. A loss of $1.57 could start a new wave of selling on the APE.
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