ApeCoin and Akita Inu: ApeCoin goes over 1,900 last night
ApeCoin price managed to break out of the previous support zone yesterday.
Last night, we saw the Akita Inu price recover to 0.0000002900.
ApeCoin chart analysis
ApeCoin price managed to break out of the previous support zone yesterday. It managed to break above 1,900 and beyond and hold in that zone. We had one impulse to 2,050 levels this morning but quickly returned to the zone above 1,900. Additional support is provided by the EMA50 moving average. We expect to see a continuation to the bullish side and visit the 2,000 level by the end of the day.
In that zone, we encounter the EMA200 moving average, which could be a problem for us to continue on the bullish side. It will be easier for us to start further recovery by passing over it. Potential higher targets are 2,050 and 2,100 levels. We need a negative consolidation and a pullback from this position below the 1,850 level for a bearish option. Thus, we fall below the EMA50, which gives a negative picture of the price of ApeCoin. Potential lower targets are 1,800 and 1,750 levels.
Akita Inu chart analysis
Last night, we saw the Akita Inu price recover to 0.0000002900. There we meet the EMA200 moving average and then pull back to the support at the 0.0000002650 level. Here, we find additional support in the EMA50 moving average. This makes the price recover slightly to the 0.0000002740 level. Now, we need a continuation of that consolidation to move above the 0.0000002800 level.
With the new bottom in place, testing the EMA200 at the 0.0000002900 level will be much easier. The breakout above pushes us to a new daily high, and thus, we have confirmation of the strengthening of the bullish option. Potential higher targets are 0.0000002950 and 0.0000003000 levels.
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