ApeCoin and Akita Inu: ApeCoin continues to recover

Apecoin chart analysis

Yesterday, we saw the price of ApeCoin drop to 1,582 levels. After forming a seven-day low, the price begins to recover and stabilizes above the 1,660 level. In the continuation of the bullish consolidation, it rises to 1,750 levels, and there are great chances to see further recovery on the bullish side. Potential higher targets are 1,780 and 1,800 levels.ž

We need a negative consolidation and pullback below the 1,700 level for a bearish option. Thus, we would retreat below the EMA50 moving average, which would have a negative impact on the price movement. Potential lower targets are 1,680 and 1,660 levels.

Akita Inu chart analysis

The Akita Inu price pulled back to the 0.0000001600 level yesterday. After that, we started a recovery that continues today, and the price recovered to the 0.0000001700 level. We need continued positive consolidation to continue further recovery. Potential higher targets are the 0.0000001750 and 0.0000001800 levels. We can expect additional resistance in the EMA50 moving average in the zone around the 0.0000001750 level.

We need a negative consolidation and a price pullback to the 0.0000001600 level for a bearish option. Then, we would retest the previous support zone, and a break below would confirm the bearish continuation. Potential lower targets are the 0.0000001550 and 0.0000001500 levels.

The post ApeCoin and Akita Inu: ApeCoin continues to recover appeared first on FinanceBrokerage.