APE/USDT Indicating bounce from this support & continue upward!

💎 APE has recently encountered notable market dynamics, particularly as it resides within a support area that is crucial for maintaining its upward trajectory.

💎 A bounce from this support is essential for APE to sustain its upward movement. If APE successfully bounces from this support, there's potential for it to resume its upward trajectory and retest the strong resistance area.

💎 However, if APE fails to find support at this level and instead breaks down below the area, it could signal a concerning development. Losing the support may lead to continued downward movement for APE, potentially targeting the next lower support area around 1.54, where a significant bullish trendline is also present.

💎 At the support level, it's imperative for APE to bounce and reclaim its position above the support area to maintain its bullish momentum. Failure to do so could result in further downward movement for APE.