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ApeCoin (APEUSD) is trading above $1 following a period of consolidation. The token experienced a surge in buying pressure after the launch of ApeCoin bridges on ApeChain, which has pushed APEUSD up by over 140% in the last three days.
If the pair drops below $1, the bullish trend may be invalidated. Near-term support is at $1.30, with any break below targeting $1.19/$1. Immediate resistance is around $1.84. If closed above this level, it may indicate a minor pullback. Potential jumps to $2/$2.15/$2.69 could occur, and surpassing $2.70 may elevate FTM to $1.25.
It’s advisable to consider buying on dips near $0.60, with a stop loss around $0.40 and a take-profit target set for $1/$1.25.
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