Technical analysis by tradexict about Symbol APE: Sell recommendation (1/6/2025)

Key Observations:1.Current Price:•APE is trading at $1.3700 with a slight upward movement of +1.40%.2.Resistance and Target Levels:•There is a marked resistance zone around $1.5893, which aligns with a potential take-profit (TP) level. This zone represents a 12.91% potential upside from the current price.•Another significant resistance level can be seen at $1.7596 and $2.0245 if the price continues its upward trajectory.3.Support Levels:•Key support levels are visible at:•$1.3180 (32.80% Fibonacci retracement)•$1.2785 (50% Fibonacci retracement)•$1.2570 and $1.2184 below that, aligning with lower Fibonacci levels.4.Potential Scenarios:•The price could either continue to climb towards the $1.5893 level or experience a pullback to the support zone around $1.3180 - $1.2785 before resuming its upward movement.•A white upward arrow shows the anticipated price path, suggesting a possible retest of lower levels before continuing the uptrend.