Is ApeCoin doomed? Despite a seemingly impressive 75% jump, ApeCoin (APE) is facing significant headwinds. Many are asking: Apecoin is bearish despite its 75% jump, here's why.

ApeCoin is currently navigating a challenging landscape, with its price caught in a tug-of-war between bullish aspirations and bearish realities. After hitting a notable resistance at $1.755, ApeCoin is facing a tough setback as bearish momentum intensifies. The bulls have lost ground after an attempt to push higher, signaling a potential reversal.

The Bearish Rising Channel Pattern: A Warning Sign

The last two months’ recovery in the Apecoin price chart shows the formation of a rising channel pattern. Now, in theory, this is a famous bearish continuation pattern. In an ideal world, rising wedges resolve into a bearish breakout, which is verified by a decisive break below the lower trendline, which generally brings the price to the expected target.

ApeCoin's Downtrend and the NFT Crash

The Apecoin (APE) price has been on a steady downtrend since April 2025, losing 93% of its value. It fell to a new all-time low on July 7. Following the NFT crash a few years back, ApeCoin was among the most affected projects and seemingly disappeared from most crypto users’ range of vision. The price of the BAYC NFTs has also suffered, further impacting ApeCoin's overall sentiment.

Inflation Risks and Bearish Reversal Patterns

Inflation risks grapple the newly-launched ApeCoin as it paints a classic bearish reversal pattern. A euphoric price rally by ApeCoin (APE) seen in mid-March appears to be fading, replaced by renewed selling pressure. Watch out for further downside potential as bearish indicators continue to emerge.

In conclusion, while the 75% jump might seem promising, the underlying technical indicators and market conditions suggest that Apecoin is bearish. Investors should exercise caution and conduct thorough research before making any investment decisions.