ApeCoin and Akita Inu: ApeCoin recovers to 1,500 level

ApeCoin chart analysis

ApeCoin price is in a bullish consolidation after Tuesday’s drop to the 1,313 level. After that, we moved to the bullish side and are now at the 1,500 level. We expect to see a further rise in the price and the formation of a new high price. Potential higher targets are 1,520 and 1,540 levels. This week’s price high is at the 1,574 level, which was formed on Monday.

We need a negative consolidation and pullback to 1,450 levels for a bearish option. Thus, we would fall below the threshold at the 1,460 level, and this would lead to the formation of a new daily low. Potential lower targets are 1,440 and 1,420 levels. EMA50 moving average could provide price support in the zone around 1,440 levels.

Akita Inu chart analysis

Today’s Akita Inu price movement occurs in the 0.0000001080-0.0000001140 range. We are in a mild bullish trend and expect to start a more concrete bullish consolidation. In the zone around the 0.0000001140 level, we have resistance in the EMA50 moving average, and we need a break above for further continuation to the bullish side. Potential higher targets are the 0.0000001160 and 0.0000001180 levels.

We need a negative consolidation and pullback to support a bearish option at the 0.0000001080 level. A breakout of the price below would lead to the formation of a new today’s low, which could increase the bearish pressure and cause the price to continue its retreat. Potential lower targets are the 0.0000001060 and 0.0000001040 levels.

The post ApeCoin and Akita Inu: ApeCoin recovers to 1,500 level appeared first on FinanceBrokerage.