ApeCoin and Akita Inu: ApeCoin is struggling at 1.4500
The price of ApeCoin yesterday was in a bearish consolidation until support at the 1,380 level. Yesterday, we saw the price of Akita Inu pull back to the 0.00000012400 level.ApeCoin chart analysis
The price of ApeCoin yesterday was in a bearish consolidation until support at the 1,380 level. We quickly climbed above the 1,400 level, where we found support in the EMA50 moving average.
From that level, we start a bullish consolidation up to the 1,460 level, where today, we encounter resistance in that zone. We need to move above in order to jump over that hurdle and continue to grow further.
Potential higher targets are 1,480 and 1,500 levels. For a bearish option, we need a negative consolidation and a return to the 1,400 support level.
A break below would lead to a new testing of the previous low, and we might even see the formation of a new low. Potential lower targets are 1,360 and 1,340 levels.
Akita Inu chart analysis
Yesterday, we saw the price of Akita Inu pull back to the 0.00000012400 level. At that point, we find support and recover to the 0.00000013000 level. There is today’s resistance that does not allow us to break through for now.
We have once again returned to the support zone at the 0.00000012400 level, looking for new support here. A break below would lead to the formation of a new price low, and we could expect to see a further pullback to the bearish side.
Potential lower targets are 0.00000012200 and 0.00000012000 levels. For a bullish option, we need a positive consolidation and a price jump above the 0.00000013000 level.
Then we need to hold above there in order to form a new price bottom there. With a new bullish impulse, we would start further recovery. Potential higher targets are 0.00000013200 and 0.00000013400 levels.
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