ApeCoin and Akita Inu: ApeCoin drops to 1,800 level

• ApeCoin dropped sharply below the 2,000 level last night until it reached support at the 1,784 level.
• Last night, we saw the Akita Inu price drop to the 0.0000000970 support level. 

ApeCoin chart analysis

ApeCoin dropped sharply below the 2,000 level last night until it reached support at the 1,784 level. We tried to start a recovery, but it was only up to 1,850 levels. Then we again see a bearish consolidation and a drop to the 1,800 level. Now, we expect to test yesterday’s low price again, and we can hope for a new break below and the formation of a new one. Potential lower targets are 1,750 and 1,700 levels.

We need a positive consolidation and price stabilization above the 1,850 level for a bullish option. From that level, we could start further recovery. Potential higher targets are 1,900 and 1,950 levels, and we will have additional resistance to the bullish option in the EMA50 moving average around 1,950 levels.

Akita Inu chart analysis

Last night, we saw the Akita Inu price drop to the 0.0000000970 support level. So we’re back to last week’s support zone. We saw a recovery attempt that was stopped at the 0.00000010000 level, and Akita started a new pullback from that level. We are now testing the previous low in hopes of finding new support. A break below the newly opened lower support level and the potential targets are the 0.0000000960 and 0.0000000940 levels.

We need a positive consolidation and a return to the zone around the 0.00000010000 level for a bullish option. Then, we need to stay above and start a further bullish trend with new impetus. Potential higher targets are 0.00000010200 and 0.00000010400 levels.