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Apecoin Price Analysis: Bearish Pattern Threatens APE Price to Revisit $3.1

A bearish breakdown from a four-week-old channel of an inverted flag pattern released the trapped bearish momentum. The APE price is currently going through a retest phase, which will validate whether the breakdown is genuine or not. A potential downfall would plunge the altcoin back to June bottom support of $3.3. but should you worry?

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