Technical analysis by tradecitypro about Symbol APE on 6/4/2025

👋 Welcome to TradeCity Pro!In this analysis, we’re taking a look at the APE coin — one of the prominent American gaming and metaverse projects that gained major traction during the last bull run.⭐ Currently, APE holds a market cap of $540 million and ranks 110th on CoinMarketCap.📅 Daily TimeframeAs shown on the daily chart, price has reached a key resistance zone and has tested it several times.✔️ If this resistance breaks, it could confirm a trend reversal, potentially opening the way toward higher levels like 0.8990 and even 1.973.🛒 For spot buying, an entry can be considered upon the breakout of this resistance, though it's safer to wait for confirmation of bearish momentum in Bitcoin dominance before entering a spot position on APE.📈 However, for futures positions, this same breakout trigger can be used — either on the daily chart or lower timeframes.🔽 On the short side, a support level has formed at 0.6073. A break below this could extend the bearish trend toward 0.3833.⚡️ Still, there’s a major support level nearby at 0.5633. If you’re looking for a more conservative short entry, you might wait for a clean break below 0.5633.💥 Momentum confirmation for the short position would come with an RSI breakdown below 46.46, which would signal stronger bearish pressure entering the market.📝 Final ThoughtsThis analysis reflects our opinions and is not financial advice.Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️