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
| Cryptocurrency | Apecoin |
| Ticker | APE |
| Current price | $0.7058 |
| Market cap | $531.84M |
| Trading volume | $39.08M |
| Circulating supply | 752.65M |
| All-time high | $39.40 on MAr 17, 2022 |
| All-time low | $0.4826 on Aug 5, 2024 |
| 24-hour high | $0.7310 |
| 24-hour low | $0.6974 |
Apecoin price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 6.26% |
| 50-day SMA | $0.7414 |
| 200-day SMA | $1.1154 |
| Sentiment | Bearish |
| Fear and Greed index | 71 (Greed) |
| Greed days | 19/30 (63%) |
APE price analysis: APE rises despite inflated supply after unlock
APE unlocked 15.60 million APE tokens today, constituting approximately 2.16% of the current supply. Token unlocks normally result in selling pressure due to increased supply.
As of the time of writing (October 17), APE’s price dropped by 1.80%, trading at approximately $0.71 over the past 24 hours. The cryptocurrency has a market capitalization of $532.12 million and a trading volume of $39.06 million. APE’s trading volume dropped by 27.51%.
APE/USD 1-day chart analysis
APE has consistently dropped from the year’s high, losing over half its value. It now faces rejection at $0.78 with support at $0.65, forming a horizontal channel. Last week, Ape was bullish and registered the highest price since September at $0.87. The move resulted in a correction as it was overbought. The coin now trades along the William Alligator moving averages, suggesting a neutral market sentiment.
APE/USD 4-hour chart analysis
The 4-hour chart highlights APE’s drop from its recent peak on October 24. Unlike the daily chart, it trades within a downward channel, with its relative strength index (RSI) in neutral territory
Apecoin technical analysis: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.6846 | BUY |
| SMA 5 | 0.6955 | BUY |
| SMA 10 | 0.7138 | SELL |
| SMA 21 | 0.7501 | SELL |
| SMA 50 | 0.7414 | SELL |
| SMA 100 | 0.7246 | SELL |
| SMA 200 | 1.1154 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 0.7377 | SELL |
| EMA 5 | 0.7239 | SELL |
| EMA 10 | 0.6897 | BUY |
| EMA 21 | 0.6703 | BUY |
| EMA 50 | 0.7301 | SELL |
| EMA 100 | 0.8851 | SELL |
| EMA 200 | 1.1352 | SELL |
What to expect from APE price analysis next?
APE price analysis shows the market has been bearish. It registers negative 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 $0.71.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| October | 0.68 | 0.71 | 0.78 |
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 $0.87.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 0.57 | 0.87 | 1.02 |
APE price prediction 2025 – 2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | 1.78 | 1.84 | 2.14 |
| 2026 | 2.54 | 2.62 | 3.11 |
| 2027 | 3.96 | 4.07 | 4.51 |
| 2028 | 5.71 | 5.91 | 6.83 |
| 2029 | 8.35 | 8.59 | 10.24 |
| 2030 | 12.41 | 12.84 | 14.39 |
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.
APE market price prediction: Analysts APE price forecast
| Firm | 2024 | 2025 | 2026 |
| Digitalcoinprice | $1.41 | $1.59 | $2.21 |
| Gate.io | $0.6741 | $0.7145 | $0.8574 |
| Changelly | $1.27 | $1.91 | $2.83 |
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
- 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.
