ApeCoin and Akita Inu: ApeCoin briefly above 1,600 level

ApeCoin chart analysis

During the weekend, the price of ApeCoin managed to reach a high at the 1,613 level. We briefly held up there, and a pullback to the 1,400 level followed. After that, the price starts a bullish consolidation and recovers only to 1,520 levels.

There, we encounter a new resistance zone and make a pullback to the 1,440 support level. We remain under pressure in that zone, which could make a breakout below and form a new ApeCoin price low.

Potential lower targets are 1,420 and 1,400 levels. Additional support for the price in the zone around 1,400 is the EMA50 moving average. For a bullish option, we need a positive consolidation and a return to the 1,500 level.

Then, we need to maintain ourselves up there in order to continue with further recovery. Potential higher targets are 1,540 and 1,560 levels.

Akita Inu chart analysis

Akita Inu’s price is in bullish consolidation after forming this week’s high at 0.00000013910 level. The price makes a bearish consolidation from there and pulls back to the 0.00000012600 level.

At that level, we encounter the EMA50 moving average and hope to gain its support and move to the bullish side again. First, we would have to stabilize above the 0.00000013000 level. After that, we could expect to start a further recovery with the impulse level.

Potential higher targets are 0.00000013100 and 0.00000013200 levels. For a bearish option, we need a negative consolidation and a drop below the EMA50 and 0.00000012600 levels. This would confirm the bearish dominance, and we would see a further retreat of the Akita Inu price. Potential lower targets are 0.00000012500 and 0.00000012400 levels.

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