APE Stuck in a Flat Range
ApeCoin (APE) is experiencing a rise of 4.7% this week, reaching $0.796. This increase has allowed the token to break through the resistance of the downside trend that has persisted since March 13. However, the current price movements are primarily within a flat range, indicating that APE is struggling to gain further upward momentum.
A potential catalyst for future growth is the ApeCoin DAO's proposal to create a Bored Ape-themed hotel in Bangkok, which is garnering significant support from the community. If the project proceeds, it could positively impact the token's value. With this development, APE has the potential to test the resistance level at $1.000.
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