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ApeCoin and Akita Inu: ApeCoin drops below the 1,400 level

ApeCoin and Akita Inu: ApeCoin drops below the 1,400 level

Over the weekend, the price of ApeCoin climbed to a new high at the 1,490 level.
Akita Inu’s price is retreating from last week’s high at 0.00000015700.

ApeCoin chart analysis

Over the weekend, the price of ApeCoin climbed to a new high at the 1,490 level. After that, there was a pullback that brought the price down to 1,320 levels this morning.

For now, we have managed to stay above that level and recover slightly to 1,358. We are in Thursday’s bearish trend, and if we do not soon form a new high above the 1,400 level, we can expect a continuation on the bearish side with a drop to the next lower support.

Potential lower targets are 1,300 and 1,280 levels. Additional support in the zone around 1,300 levels was provided by the EMA50 moving average. For a bullish option, we need a positive consolidation and a price return above the 1,400 level. Then, we would have to hold above there before continuing further to the bullish side. Potential higher targets are 1,420 and 1,440 levels.

Akita Inu chart analysis

Akita Inu’s price is retreating from last week’s high at 0.00000015700. During the weekend, we stayed below the 0.00000013500 level, only for the price to drop to the 0.00000012600 level today. Additional pressure on the price is created by the fact that we fell below the EMA50 moving average. Such a picture would negatively affect the price and send it to lower levels. Potential lower targets are 0.00000012000 and 0.00000011500 levels.

For a bullish option, we need a positive consolidation and a new retracement above the 0.00000013500 level. After that, the price of Akita Inu would be in a much better position with the continued bullish side. We would also get support again in the EMA50 moving average, which would have a positive effect on the price. Potential higher targets are 0.00000014000 and 0.00000015000 levels.

The post ApeCoin and Akita Inu: ApeCoin drops below the 1,400 level appeared first on FinanceBrokerage.

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