Date: Fri, Oct 24, 2025 | 12:05 PM GMT
The broader cryptocurrency market is showing an encouraging tone today, with Bitcoin (BTC) and Ethereum (ETH) both trading over 1.50% higher, setting the stage for potential upside in several altcoins — including the DEX token Apex Protocol (APEX).
APEX is back in green with 8% gains, and more importantly, its latest technical setup on the lower timeframe suggests that it may be gearing up for a larger move soon.
Cup and Handle in Play?
A closer look at the 4-hour chart shows APEX forming a textbook Cup and Handle pattern — a bullish technical structure that often signals the continuation of an uptrend.
After being rejected near the neckline at $1.4125, the token pulled back to a low around $1.07, where the 50-hour moving average (MA) provided a strong base of support. Since then, APEX has rebounded steadily and is now trading near $1.2390, shaping the “handle” portion of the pattern — which typically precedes a breakout attempt.
Notably, APEX is trading just below its 100-hour MA at $1.2581, a resistance level that buyers need to reclaim to strengthen the bullish outlook.
What’s Next for APEX?
If the Cup and Handle formation plays out as expected, a decisive breakout above the $1.4125 neckline could trigger a strong bullish rally, pushing APEX toward its next major target near $1.9545 — representing a potential 57% gain from current levels.
However, if the price fails to hold above the 50-hour MA and dips below $1.07, the bullish setup could weaken, signaling that further consolidation may be needed before the next significant move unfolds.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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