Technical analysis by crypto8g about Symbol APE: Buy recommendation (12/21/2022)

Since last month, the APE/USDT pair has dropped 67% and marked a new low of $3.13. This downfall respects a descending trendline which provides a dynamic resistance to coin price. However, a potential bullish reversal from $3.2 support may challenge this resistance trendline for recovery opportunity.Key points: A bullish breakout from the dynamics OBV indicator and brakeout may drive APE price by 145%The 50 EMA assists sellers in maintaining the ongoing downtrend.The intraday trading volume in Apecoin is $407.6 Million indicating a 50.8% gain.