ApeCoin and Akita Inu: ApeCoin on the move to level 1,100
ApeCoin price continues this week’s pullback, forming a new low at the 1,124 level.
The Akita Inu price fell to a new lower low yesterday at the 0.00000007629 level.
ApeCoin chart analysis
ApeCoin price continues this week’s pullback, forming a new low at the 1,124 level. After the decline, we see a consolidation at that level and an end to the bearish trend, at least for now. Cena tries to bounce back and move up higher.
We need a break above the 1,200 level for a concrete bullish attempt. After that, we could expect to see continued recovery. Potential higher targets are 1,250 and 1,300 levels. We would have additional resistance in the zone around 1,250 levels in the EMA50 moving average.
We need a negative consolidation and a drop below the 1,120 support level for a bearish option. After that, we can expect to see the formation of a new lower low. Potential lower targets are 1,100 and 1,050 levels.
Akita Inu chart analysis
The Akita Inu price fell to a new lower low yesterday at the 0.00000007629 level. After that, we see a consolidation around the 0.00000008000 level and a new bullish impulse that pushes the price all the way to the 0.00000008800 level. We are back up to 0.00000008200 again and holding above for now. We need a new positive consolidation if we want to see a continuation on the bullish side.
Potential higher targets are the 0.00000008600 and 0.00000008800 levels. Additional resistance and obstacles could be found in the EMA50 moving average around the 0.00000008500 level. We need a negative consolidation and price pullback below the 0.00000008000 level for a bearish option. After that, we would be able to retest the previous low. Potential lower targets are 0.00000007600 and 0.00000007500 levels.
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