ApeCoin and Akita Inu: ApeCoin breaks above 1,520 level
- The price of ApeCoin has been in a bullish trend since the beginning of the week.
- The Akita Inu price continues the previous sideways consolidation in the 0.0000001560 and 0.0000001640 range.
ApeCoin chart analysis
The price of ApeCoin has been in a bullish trend since the beginning of the week. In the previous few hours, the price was in a strong bullish impulse, and we saw a jump to 1,520 levels. We are very close to testing last week’s high at the 1,527 level. We also have EMA200 moving average support. Based on that, we expect to continue the recovery and climb to higher levels. Potential higher targets are 1,550 and 1,600 levels.
We need a negative consolidation and pullback below the 1,500 level for a bearish option. That would be the first step and a bearish sign that the price is losing momentum. We are looking for support again in the zone around 1,450 levels and the EMA200 moving average. With a drop below this support, it comes under more pressure to move to the bearish side. Potential lower targets are 1,400 and 1,350 levels.
Akita Inu chart analysis
The Akita Inu price continues the previous sideways consolidation in the 0.0000001560 and 0.0000001640 range. We saw a bullish attempt this morning, but we quickly returned to the previous movement channel. The pressure has now moved to the lower levels, and we expect a new test of the previous support. The new pressure also creates new problems because a breakout below and the formation of a new low could easily happen.
Potential lower targets are the 0.0000001540 and 0.0000001520 levels. We need positive consolidation and a return to the resistance zone for a bullish option. We would climb above the EMA200, reducing the bearish impact so that we could see a bigger recovery and growth on the bullish side. Potential higher targets are the 0.0000001660 and 0.0000001680 levels.
