ApeCoin And Akita Inu: ApeCoin drops to 1,277 yesterday
- The price of ApeCoin fell to 1,277 levels yesterday, forming a new lower low.
- Akita Inu’s price continues with a bearish formation.
ApeCoin chart analysis
The price of ApeCoin fell to 1,277 levels yesterday, forming a new lower low. We stayed down for a short time, and a bullish consolidation followed, pushing the price up to 1,370. We then see a short pullback to 1,350, where we find new support and start another bullish impulse with a jump above the 1,360 level.
We could soon expect to retest the previous high and perhaps see a break above. Potential higher targets are 1,380 and 1,390 levels. We have additional pressure at the 1,380 level in the EMA50 moving average.
We need a negative consolidation and a price drop to 1,340 levels for a bearish option. After that, we would see a continuation of bearish consolidation and a pullback of the price to lower support levels. Potential lower targets are 1,330 and 1,320 levels.
Akita Inu chart analysis
Akita Inu’s price continues with a bearish formation. The pressure is now at 0.00000008460 level. It is very possible that we will see a continuation to the bearish side and the formation of a new lower low. Potential lower targets are the 0.00000083750 and 0.00000008350 levels.
For a bullish option, we need a positive consolidation and a jump in the Akita Inu price to the 0.00000008650 level. Then, we need to maintain ourselves up there in order to start further recovery from that position. Potential higher targets are 0.0000008700 and 0.0000008750 levels. We will have additional pressure in the EMA50 moving average in the zone around the 0.00000008650 level.
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