ApeCoin [APE] has performed well in the markets in the past ten days. It flipped the $3.2 area from resistance to support on 25 November and posted a 39% surge over the five days that followed. Since then, APE saw a pullback to $3.88.

As mentioned in a previous article, ApeCoin saw significant resistance in the $4.2-$4.5 region. Open Interest behind the asset leaped upward as the price rallied past the $3.2 mark, but has waned somewhat in the past few days. On shorter timeframes, APE continued to have a bullish bias.

The 12-hour bearish breaker looms large as bulls try to advance past $4

(by Akashnath S)