ApeCoin and Akita Inu: ApeCoin slides towards 1,400 level
The price of ApeCoin jumped to 1,500 levels yesterday.
Akita Inu has continued with lateral consolidation for ten days in a row.
ApeCoin chart analysis
The price of ApeCoin jumped to 1,500 levels yesterday. We encounter resistance there and pull back to the 1,410 support level. We are currently receiving support at that level, and we can now see bullish consolidation and the start of a new recovery. We need to first move above the 1,450 level, and in this way, we would start a bullish trend.
Potential higher targets are 1,500 and 1,550 levels. Additional resistance in the zone around 1,500 levels is the EMA50 moving average. We need a negative consolidation and pullback below the 1,400 level for a bearish option. After that, we would be able to test the previous low at the 1,380 level. Potential lower targets are 1,350 and 1,300 levels.
Akita Inu chart analysis
Akita Inu has continued with lateral consolidation for ten days in a row. We are in a mild bullish consolidation with the movement of a new low. We still have resistance at the 0.00000009500 level, and we need to break above it in order to start further recovery. Potential higher targets are the 0.00000009600 and 0.00000009800 levels.
We need a negative consolidation and pullback below the 0.00000008800 level for a bearish option. A break below this zone would increase bearish pressure on Akita Inu’s price. Potential lower targets are 0.00000008600 and 0.00000008400 levels.
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