ApeCoin – Potential Trend Reversal UnderwayApeCoin / US DollarCOINBASE:APEUSDWOLFofBlockStreetWelcome to another Wolf of Blockstreet analysis where I take a look at Apecoin. We are seeing early signs that the long-term downtrend may be reversing. Observations: The long-term descending channel remains intact, but price has been forming higher lows recently (especially clear when zoomed in on lower timeframes). Support is holding around the 0.14–0.15 area. A bullish MA cross to the upside has just occurred (30/ma has crossed 200 to the upside). Volume is starting to pick up from the lows. We're also mooving over the red Ichimoku cloud. Scenario: I see a potential push toward the upper trendline of the channel. First target is around $0.20, with a more ambitious TP2 around $0.55 if we can break out of the descending channel with volume. Levels: Support: ~0.14–0.15 (must hold) Target 1: ~$0.20 Target 2: ~$0.46–0.55 (upper trendline / Fib extension) Invalidation below the latest higher low or a clear break under 0.14. Great entry point where we're at now.