ApeCoin and Akita Inu: ApeCoin is still below 2,200 level
- ApeCoin price remains under pressure below the EMA50 moving average.
- The Akita Inu price continues today to pull back from yesterday’s high at 0.0000001280.
ApeCoin chart analysis
ApeCoin price remains under pressure below the EMA50 moving average. As long as we are below the EMA50, we can expect the price to continue its retreat. The first price support zone is at the 2,150 level, and if we see a break below, we could expect to see a continuation of the pullback and the formation of a new lower low. Potential lower targets are 2,100 and 2,050 levels.
For a bullish option, we need a positive consolidation and a jump in the price of ApeCoin above 2,250 levels. Then we need to hold ourselves up there before we start to continue the recovery. Potential higher targets are 2,300, the previous high of June 30, then the 2,350 level. If we succeed in that intention, we will have the opportunity to test last week’s resistance zone of 2,450-2,500.
Akita Inu chart analysis
The Akita Inu price continues today to pull back from yesterday’s high at 0.0000001280. The price then fell to 0.0000001200, breaking below the EMA50 moving average. Looking at previous price pullbacks, we should soon consolidate at the current level before starting a bullish trend. First, we need to get back above the EMA50 moving average, and that would be our first sign of a potential recovery in Akita Inu price.
We need a negative consolidation and a decline to the 0.0000001190 level for a bearish option. A break below this level would further burden the price and send it to even lower levels. Potential lower targets are 0.0000001180 and 0.0000001160 levels. The price could get more serious support in this zone and stop the potential fall.
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