ApeCoin: Horizen Labs partnership led to a 7.45% price gain

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ApeCoin rises 7.45% today

Highlights

Horizen Labs successfully launched Horizen’s mainnet as a Layer-3 blockchain on Base, offering privacy-enabled, EVM-native solutions with ApeCoin DAO involvement.
This development enhances privacy and interoperability within the ApeCoin ecosystem, broadening technical capabilities available to ApeCoin holders and projects.
The rollout strengthens collaboration between Horizen Labs and ApeCoin DAO, reinforcing ApeCoin’s position in supporting advanced, privacy-centric blockchain initiatives.

Horizen Labs expands blockchain privacy amid ApeCoin DAO partnership

Horizen Labs has led the successful launch of Horizen’s mainnet as a Layer-3 blockchain on Base, focusing on privacy-enabled, EVM-native solutions in close association with the ApeCoin DAO. This development expands privacy and interoperability features available within the ApeCoin ecosystem and marks greater collaboration between Horizen Labs and ApeCoin DAO. The rollout supports ApeCoin’s role in fostering advanced and privacy-centric blockchain projects.

Momentum remains bearish as APE trades below all major levels

The technical picture remains weak for APE, as it trades below all major moving averages, with the nearest dynamic resistance from the Ichimoku Kijun at $0.3016 and immediate support at the recent daily low. Momentum indicators underscore this weakness: MACD remains decisively bearish, ADX signals a strong seller-dominated trend, and oscillators show mixed signals — RSI near oversold at 31.8, Stoch RSI overbought, and CCI mildly negative. Bull/Bear Power (BBP) also indicates seller control, while price volatility remains elevated with moves toward today’s high.

Upside seen as unlikely as sellers keep APE in tight range

For the short term, APE is expected to trade within a typical volatility band from $0.235 to $0.265, reflecting its recent price action. The probability of upward movement is currently low (less than 20%), with the primary scenario supporting continued sideways trading as strong selling pressure persists. A sustained breakthrough above $0.265 could target resistance near $0.301, while a drop below $0.235 signals potential for new lows and further downside momentum.

Anton Kharitonov, expert at Traders Union, sees ApeCoin locked in a weak technical structure. He believes persistent selling pressure and bearish signals limit upside, despite recent ecosystem developments from Horizen Labs. In his view, the price remains trapped under all major moving averages, with momentum indicators confirming a cautious stance. "Until $0.265 is reclaimed, I expect continued sideways action with risk still skewed to the downside."

Previously it was reported that ApeCoin was trading below key moving averages, with MACD and ADX indicating persistent bearish momentum, while oscillators such as RSI and CCI signaled oversold conditions. Despite a sharp intraday move, high intraday volatility and buyers pushing toward session highs contrasted with technical signals pointing to limited upside and a continued range-bound bias.

Source of Data: APE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.