ApeCoin and Akita Inu: ApeCoin continues to pullback

• ApeCoin price continues bearish consolidation, dropping to 1,320 levels this morning.
• The price of Akita Inu fell to a new low this morning at the 0.00000008392 level.

ApeCoin chart analysis

ApeCoin price continues bearish consolidation, dropping to 1,320 levels this morning. After that, we see a bullish consolidation and recovery to 1,340 levels. Now, we could expect to see a continuation of the recovery and a break above the previous high. Potential higher targets are 1,350 and 1,360 levels. The EMA50 moving average is at the distant 1,400 level.

We need a negative consolidation and a new pullback to the 1,320 support level for a bearish option. A break below would lead to the formation of a new lower low, and thus, we would confirm the bearish option. Potential lower targets are 1,310 and 1,300 levels.

Akita Inu chart analysis

The price of Akita Inu fell to a new low this morning at the 0.00000008392 level. After that, we see an attempt at bullish consolidation and a move to the 0.00000008600 level. We need to continue towards the 0.00000008700 level as we would test the EM50 moving average there. With a breakthrough above, we would get his support, which should have a positive impact on the further recovery. Potential higher targets are the 0.00000008800 and 0.00000008900 levels.

We need a negative consolidation and a new price drop below the 0.00000008400 level for a bearish option. In this way, we would fall to a new low and confirm the bearish option. Potential lower targets are 0.0000008300 and 0.00000008200 levels.