ApeCoin and Akita Inu: ApeCoin dropped below 1,000 levels

• The price of ApeCoin dropped to the 0.997 level for the first time yesterday.
• During the previous weekend, Akita Inu’s price managed to rise to the 0.00000008848 level.

ApeCoin chart analysis

The price of ApeCoin dropped to the 0.997 level for the first time yesterday. The hold at that level was short, and we quickly moved above the 1,020 level. After that, we see consolidation above that level and slowly progress towards 1,040. The next goal is to move above that level in order to capture better momentum to continue to the bullish side.

Potential higher targets are 1,060 and 1,080 levels. The EMA50 moving average is waiting for us in the zone around 1,100 levels. We need a negative consolidation and a new pullback to the 1,000 support level for a bearish option. A break below would lead to the formation of a new low and thus confirm the bearish scenario. Potential lower targets are 0.980 and 0.960 levels.

Akita Inu chart analysis

During the previous weekend, Akita Inu’s price managed to rise to the 0.00000008848 level. At that level, it encounters resistance and begins a bearish consolidation at the 0.00000008259 support level. After that, the price moves in the lateral channel in the 0.00000008259-0.00000008375 range. We manage to stay above the support but need a bullish impulse and a jump above today’s upper resistance line. Potential higher targets are the 0.0000008450 and 0.00000008500 levels.

We need a negative consolidation and a drop below the support at the 0.00000008259 level for a bearish option. A drop below would confirm a bearish option and increased pressure on Akita Ina. Potential lower targets are the 0.00000008200 and 0.00000008150 levels.