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ApeCoin (APE) Analysis: Ascending Channel Points to $2.10 Target

  • ApeCoin (APE) surged 17.52% in the past 24 hours, reaching $1.216614 amid Bitcoin’s recovery.
  • An upcoming unlock of 15.6 million APE tokens on January 17th, representing 2.16% of the supply, is closely watched by traders.
  • Technical analysis indicates APE trading in an ascending channel, with targets set at $1.67 and $2.10.
  • ApeCoin (APE) recently faced significant turbulence, experiencing a sharp decline amidst a broader market downturn.

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