ApeCoin and Akita Inu: A slight recovery for ApeCoin
- ApeCoin pulled back to 1,232 levels yesterday.
- Akita Inu dropped to a new low yesterday at the 0.0000001239 level.
ApeCoin chart analysis
ApeCoin pulled back to 1,232 levels yesterday. It received the required support and created a bullish consolidation that continues today. The current price is 1.324, and we expect to see a continued bullish side. The next important level is the previous day’s high at the 1,339 level, and if we were to skip it, we could continue the recovery. Potential higher targets are 1,350 and 1,400 levels.
The additional pressure and an obstacle to further recovery of ApeCoin’s price could be in the EMA200 moving average around 1.375 levels. We need a negative consolidation and pullback below the 1,275 level for a bearish option. So we would be back under bearish pressure again, and the price would be forced to pull back. Potential lower targets are 1,250 and 1,200 levels.
Akita Inu chart analysis
Akita Inu dropped to a new low yesterday at the 0.0000001239 level. After that, we saw the price gain support and begin a recovery. Today, we see a continuation of the price recovery to the 0.0000001342 level. We are close to reaching 0.0000001350 levels. It would be good if we managed to stay above it and form a new bottom there. Then, with a new impulse, we would have the opportunity to start further growth on the bullish side.
Potential higher targets are the 0.0000001400 and 0.0000001450 levels. We need a negative consolidation and a new pullback to the 0.0000001250 level for the bearish side. Thus, we would be forced to test yesterday’s low once again. A breakout below tells us that the price has returned to the bearish side, and we will see a further pullback. Potential lower targets are the 0.0000001200 and 0.0000001150 levels.
