Apex Protocol (APEX) is exhibiting a bullish Cup and Handle pattern on its 4-hour chart, indicating a potential upward breakout. The token has rebounded from a low of $1.07, finding support at the 50-hour moving average, and is currently trading around $1.2390. A successful breakout above the $1.4125 neckline could propel APEX to $1.9545, representing a 57% increase from its current price. Conversely, failure to maintain support above the 50-hour moving average may lead to further price consolidation.