ApeCoin Could Uncoil towards $1.500 Soon
ApeCoin (APE) is trading flat around $0.569 this week, underperforming the broader crypto market, where Bitcoin (BTC) is gaining 1.9% to $111,150. Investors are focused on the upcoming U.S. Nonfarm Payrolls report for August, due Friday. A rise in unemployment to 4.3% from 4.2% would likely reinforce expectations of a dovish Federal Reserve stance and could give crypto assets a lift. Still, September’s historical weakness for digital assets is weighing on sentiment, with Bitcoin typically losing 5–6% on average during the month.
APE remains in a narrowing consolidation range between $0.500 and $0.750. The lower boundary has held firm since the token’s launch, making it a strong support zone. From here, the technical setup suggests higher odds of an upside breakout. If momentum improves, APE could first target $1.000 and, in the case of broader market strength, extend gains toward $1.500.
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