ApeCoin and Akita Inu: ApeCoin drops to 3,100 level
- ApeCoin fell to 3,093 this morning, forming a new May low.
- Akita Inu retreated to 0.0000001315 levels on the EMA50 moving average.
ApeCoin chart analysis
ApeCoin fell to 3,093 this morning, forming a new May low. Since then, we have seen a slight recovery to 3,123 levels. Bearish pressure is still present, which could further lower the price of ApeCoin.
Potential lower targets are 3,050 and 3,000 levels. If we manage to stay at the current level and start a positive consolidation, we could recover up to the 3,150 level. Potential higher targets are 3,200 and 3,250 levels.
Akita Inu chart analysis
Akita Inu retreated to 0.0000001315 levels on the EMA50 moving average. The price drop has stopped at the expected place, and we are now waiting for a positive consolidation to start the recovery. To begin with, we need to move above the 0.0000001350 level.
After that, we would have to hang in there if we want to see the recovery continue. Potential higher targets are 0.0000001400 and 0.0000001450 levels. We need a negative consolidation and a drop below the 0.0000001300 level for a bearish option. After that, we could expect a further pullback to the next lower support. Potential lower targets are the 0.0000001250 and 0.0000001200 levels.