ApeCoin and Akita Inu: ApeCoin is back from a dip to 1,380
- At the beginning of this week, ApeCoin pulled back to the 1,371 support level.
- Akita Inu’s price is in a bullish consolidation after Monday morning’s pullback to the 0.0000001500 level.
ApeCoin chart analysis
At the beginning of this week, ApeCoin pulled back to the 1,371 support level. After which we see a two-day bullish consolidation and growth to 1,458 levels. The positive sentiment increases the move above the EMA50 moving average, which now has the opportunity to provide us with support for a continuation to the bullish side. Potential higher targets are 1,460 and 1,480 levels.
We would have to go down to the 1,400 level for a bearish option first. We would go back below the EMA50 and be under pressure from it. After that, if we stay down there longer, we expect to see a breakout below and a visit to this week’s low at the 1,371 level. Depending on the strength of the bearish impulse, the lower targets will also depend, and the 1,360 and 1,350 levels are potential.
Akita Inu chart analysis
Akita Inu’s price is in a bullish consolidation after Monday morning’s pullback to the 0.0000001500 level. Yesterday, we had one impulse to the 0.0000001700 level but quickly returned to the previous movement zone. Today, we continue with the positive movement, which moved the price above the EMA50 moving average. We can say that for now, we are stable above the 0.0000001600 level. Potential higher targets are the 0.0000001650 and 0.0000001700 levels.
A return below the EMA50 and a pullback to 0.0000001550 levels would strengthen the bearish option. We would be under pressure again to go down to the 0.0000001500 level. A new pressure could form a new low and thus confirm the bearish scenario. Potential lower targets are the 0.0000001450 and 0.0000001400 levels.
