Crypto analyst sees 1200% upside potential for Apecoin

• The analyst highlights Apecoin’s potential 1,200% total upside from its August 2024 low, stressing patience and strategy.
• Apecoin’s bridges on ApeChain increase utility, enabling native yield and solidifying the demand and acceptance of its ecosystem.

From its lows in August 2024 to the beginning of December, Apecoin (APE) managed to show an incredible 355% growth, according to a post by renowned crypto analyst Alan Santana on TradingView. A pullback is expected to follow, but buoyed by building strong support levels, bullish action is clearly re-emerging.

Based on the August low, Santana highlights the possibility of more upside and notes that it should IMITATE reaches its predicted goal of 350%, it will achieve a total growth of over 1200%. The analyst points out that the positive cycle is far from over.

“We’re going little by little, wave by wave, step by step,” Santana says, outlining a plan based on endurance and concentration. He also advises traders not to overreact to market swings, corrections and surprises—natural occurrences in bull markets.

Trading Apecoin: The Role of Patience and Planning

Successful trading depends, Santana claims, on the holding phase. To prevent the risk of greed or second-guessing, he advises traders to create sell orders against fixed targets. Emphasizing the need for discipline, he notes, “It’s easier for me to set it and forget it.”

Santana advises buying again at new support levels even if prices rise after the selloff to continue the expansion cycle.

Meanwhile, with a market cap of around $1 billion, APE has traded hands $1.34up 6.96% over the past 7 days at the time of writing. This growing momentum corresponds to several recent changes within the ApeCoin ecosystem.

On the other hand, ApeChain bridges, enabling native yield earning options for APE, ETH and stablecoins, as we previously reported. Through the integration of Layer Zero, APE has evolved into the first token to earn a native yield and also act as gas on ApeChain.

In addition, he also sent ApeCoin 8.289 million monkeys to Wintermute OTC, an action that was supposed to increase demand for the token and improve liquidity.