ApeCoin and Akita Inu: ApeCoin slides towards 1,100
Yesterday, the price of ApeCoin fell below the 1,100 level for the second time this week.
Yesterday, we saw a fairly calm movement of Akita Inu’s price in the 0.00000008055-0.00000008270 range.
ApeCoin chart analysis
Yesterday, the price of ApeCoin fell below the 1,100 level for the second time this week. After that, we see a new bullish consolidation up to the 1,120 level, where we encounter new resistance. Then followed a price pullback to 1,105 levels. We are getting closer to testing the 1,100 level again, and we may see a break below again and the formation of a new low. Potential lower targets are 1,095 and 1,090 levels.
We need a positive consolidation and a price jump above the 1,120 level for a bullish option. Then, we need to maintain ourselves up there in order to create a position from which we would start to continue the recovery. We have additional resistance to the bullish option in the EMA50 moving average in the zone around 1.125 levels. A break above would indicate a continuation to the bullish side. Potential higher targets are 1.130 and 1.0135 levels.
Akita Inu chart analysis
Yesterday, we saw a fairly calm movement of Akita Inu’s price in the 0.00000008055-0.00000008270 range. Today, we continue in the same range, currently hovering around the 0.00000008171 level. The pressure remains as we fell below the previous support zone over the weekend. Such a picture could influence the price to continue its retreat and form a low. Potential lower targets are the 0.00000008050 and 0.00000008000 levels.
We need a positive consolidation and price jump to the 0.00000008300 level for a bullish option. Thus, they would climb above the EMA50 moving average, which should later positively affect the movement of the Akita Inu. Potential higher targets are 0.00000008350 and 0.00000008400 levels.
The post ApeCoin and Akita Inu: ApeCoin slides towards 1,100 appeared first on FinanceBrokerage.
