ApeCoin (APE) is down 0.7% to $0.555 this week, underperforming Bitcoin (BTC), which is trading flat at $122,418. The token remains stuck in a five-month consolidation range between $0.500 and $0.600, with support holding firm while resistance appears increasingly vulnerable amid the broader crypto rally.
Bitcoin’s decisive breakout above the $117,000–$120,000 resistance zone has opened the path toward $155,000–$165,000, driven by substantial inflows into spot Bitcoin ETFs. As large investors continue to pour capital into BTC, momentum across the crypto market is strengthening. Several altcoins have already broken out of their consolidation ranges alongside Bitcoin’s advance, suggesting that if the benchmark cryptocurrency continues its upward trajectory, ApeCoin could soon follow suit with a sharp move higher.
