ApeCoin and Akita Inu: a slight recovery and consolidation
- ApeCoin continues its negative consolidation forming today’s low at the 3.22 level.
- The Akita Inu continues to make a slow recovery after Monday’s crash.
ApeCoin chart analysis
ApeCoin continues its negative consolidation forming today’s low at the 3.22 level. We managed to consolidate at that level and recover slightly to the 3,260 level. For now, we are encountering resistance there, and we need a break above if we want to continue the recovery.
Potential higher targets are 3,280 and 3,300 levels. We need a negative consolidation and pullback to this morning’s support at 3,220 levels for a bearish option. A break below would further pressure the price to continue its retreat. Potential lower targets are 3,200 and 3,180 levels.
Akita Inu chart analysis
The Akita Inu continues to make a slow recovery after Monday’s crash. The current price is at 0.0000001416, and we could expect to see a pullback to the 0.0000001380 level on the lower channel line. If we look at the bigger picture, the price is in a bearish trend, and we will probably see a continuation, as well as the formation of a new lower low for Akita Ina.
We need a better positive consolidation and a return above the 0.0000001500 level for a bullish option. If we manage to do that, we will have a good starting position for further recovery.