APE price analysis 1-day chart: APE/ USDT in Recovery

Bears have dominated the APE market since February. It is down 77.97% in the last 12 months and 20.26% over the previous 30 days. APE’s decline accelerated in June, forcing it to trade below $2 multiple times. In August, it fell to a low of $1.345, after which it briefly recovered. This month, it extended the losses but quickly reversed on Thursday, up 6.69%.

APE gained positive momentum this week as it attempts to recover from oversold territory; its 14-day Relative Strength Index (RSI) is at 27.21. The alligator trendlines indicate the volatility is dropping.

APE/USD 4-hour price chart: APE/ USD Positive Momentum Slows

The 4-hour chart highlights ApeCoin’s movement in September. Bears overpowered the bulls as it fell to an annual low this month.

The William Alligator trendlines diverge as volatility rises. Its momentum is positive, with its RSI constricted at 53.65, above the neutral level.

What to expect from APE price analysis next?

APE fell to its lowest point this year following a negative market sentiment. This week, it flirts in oversold territory on the daily timeframe, highlighting bear dominance in the market. Sellers should brace for a reversal.