ApeCoin and Akita Inu: ApeCoin at 1,000 level on Saturday
- A new low for the price of ApeCoin was formed on Saturday at the 1,000 level.
- The Akita Inu price fell to a new low on Saturday at 0.0000001699.
ApeCoin chart analysis
A new low for the price of ApeCoin was formed on Saturday at the 1,000 level. After new support, a bullish consolidation above the 1,150 level was initiated. We managed to stay up there and get to 1,200 levels. On Monday, the price makes a new high at the 1,271 level and stops there. We turn again to the bearish side and initiate a negative consolidation.
ApeCoin was forced to retreat this morning to the 1,123 level. Here, he gets a new support that brings him back up to 1,200 levels. In this zone, we meet the EMA50 and need a break above to continue to the bullish side. By moving above 1,250, we would have moved significantly out of the uncomfortable zone, and it would be easier for us to start a bullish consolidation. Potential higher targets are 1,300 and 1,350 levels.
Akita Inu chart analysis
The Akita Inu price fell to a new low on Saturday at 0.0000001699. After that, we get that support, and with bullish consolidation, we climb above the 0.0000001900 level. Yesterday, the recovery continued to 0.0000002050, where we paused and turned to the bearish side again. The pressured price pulls back to new support at the 0.0000001815 level. For now, we remain above that level and expect the Akita Inu to have enough strength to trigger a positive consolidation and release bearish pressure.
Potential higher targets are the 0.0000001950 and 0.0000002000 levels. In the zone around 0.0000001950 we come across the EMA50 and hope for its support for further recovery. We need a negative consolidation and a drop to a new weekly low for a bearish option. Potential lower targets are the 0.0000001800 and 0.0000001750 levels.
