ApeCoin and Akita Inu: ApeCoin stops at resistance at 1,270

ApeCoin chart analysis

Yesterday’s previous bullish consolidation stopped the ApeCoin price growth at the 1.2670 level. There, we encounter resistance and start a pullback to the 1,220 level. We are currently holding slightly above that level, expecting to find support and start a new bullish consolidation.

We would then have to break above the 1,270 level in order to form today’s high and thereby confirm the bullish momentum. Potential higher targets are 1,280 and 1,300 levels. We need a negative consolidation and a drop to the 1,200 support level for a bearish option. New pressure at that level could bring a breakout below, which would confirm a bearish option. Potential lower targets are 1,180 and 1,160 levels.

Akita Inu chart analysis

Akita Inu’s price continues to move away from yesterday’s high at the 0.00000014600 level. In the previous 10 hours, the price struggled with support at the 0.00000012800 level. If we continue to move in this zone, a breakout below and the formation of a new weekly low could easily occur. Potential lower targets are 0.00000012500 and 0.00000012000 levels.

Additional support could be found in the EMA50 moving average in the zone around the 0.00000012500 level. We need a positive consolidation and a move above the 0.00000013500 level for a bullish option. Then we would have to hold up there, to consolidate there before continuing on the bullish side. Potential higher targets are 0.00000014000 and 0.00000014500 levels.

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