ApeCoin and Akita Inu: ApeCoin drops below the 1,250 level
- On Sunday, we watched ApeCoin test the EMA200 moving average.
- Akita Inu’s price continues with a bearish trend.
ApeCoin chart analysis
On Sunday, we watched ApeCoin test the EMA200 moving average. EMA200 came out as the winner, and the price of ApeCoin began to retreat from the 1,430 level. Yesterday, we were under bearish pressure all day, and the price dropped to 1,300. During the morning, we saw an attempt to recover to 1,340, where we stopped and turned again to the bearish side.
Negative consolidation breaks below and forms a new low at the 1,274 level. Potential lower targets are 1,250 and 1,200 levels. We need a positive consolidation and a return above the 1,350 level for a bullish option. Thus, the price would form an appropriate bottom from which they could start further growth to higher levels. Potential higher targets are 1,400 and 1,450 levels. The EMA200 moving average is now in the zone around 1,400 levels.
Akita Inu chart analysis
Akita Inu’s price continues with a bearish trend. During the weekend, we had an attempt at a bullish consolidation that stopped at the 1.0000001500 level. Additional pressure on the price in that zone is the EMA200 moving average, which did not allow the price to sustain above. This led to the continuation of the bearish trend, and the price initiated a bearish consolidation. Yesterday, we were all in a pullback to the 0.0000001370 level.
This morning, the price managed to stay above that level for a while, only to see a break below and fall to the 0.0000001305 level in the previous hour. Potential lower targets are the 0.0000001250 and 0.0000001200 levels. For a bullish option, we need a return to the 0.00000001400 level. This would allow us to skip this morning’s zone and increase optimism that the price has the strength for further recovery. Potential higher targets are 0.0000001450 and 0.0000001500 levels.
