ApeCoin prices have finally broke through the bottom of the triangle, which has been formed in the recent two weeks. This breakthrough was supported by a bearish trend on older timeframes, and a slight decrease of trading volumes in the last couple of days.

We may expect a test of the support of the triangle at 2.0500-2.1000. This would be a good opportunity to open short trades with a target at 1.8500. Stop-loss could be placed slightly above 2.2000, the high of July 21.