ApeCoin [APE] depreciated from $4.6 and breached a key mid-point level of $4.2, flipping the structure to bearish on the 12-hour chart. Since mid-March, the asset has been oscillating between $3.8 and $4.6. Notably, the price action has been firmly within the upper range in the past few days, reinforcing the overall bullish sentiment in the same period.