ApeCoin and Akita Inu: ApeCoin bounced back above 1,430
On Monday, we saw the formation of a new high price of ApeCoin at the 1,574 level.
Yesterday, we saw the Akita Inu price drop below the 0.0000001050 support level.
ApeCoin chart analysis
On Monday, we saw the formation of a new high price of ApeCoin at the 1,574 level. After that, the price begins to retreat, and real bearish consolidates up to 1,313 levels. Last night, this week’s new low was formed there, and the price managed to stop there and start a bullish consolidation that continues today. We are currently at the 1,423 level and are close to testing the EMA50 moving average in the zone around the 1,430 level.
We need a break above in order to proceed to the bullish side. Potential higher targets are 1,440 and 1,460 levels. We need a negative consolidation and pullback to the 1,380 support level for a bearish option. A break below would indicate a retest of previous support and possibly continuation to the bearish side. Potential lower targets are 1,340 and 1,320 levels.
Akita Inu chart analysis
Yesterday, we saw the Akita Inu price drop below the 0.0000001050 support level. This led to the formation of this week’s new low at the 0.0000001007 level. After that, we start a lateral consolidation in the 0.0000001000-0.0000001050 range. We need a break above the upper level of this range in order to continue the recovery to the bullish side.
Potential higher targets are the 0.0000001060 and 0.0000001080 levels. We need a negative consolidation and a pullback to the 0.0000001000 support level for a bearish option. A drop below this level leads to the formation of a new price low, and thus, we have confirmation of a bearish trend. Potential lower targets are the 0.0000000980 and 0.0000000960 levels.
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