ApeCoin and Akita Inu: ApeCoin is back to support at 3,400
- This morning we saw the formation of this week’s new higher high at the 3,473 level.
- The price was maintained above the 0.0000001300 level in the first part of the day.
ApeCoin chart analysis
This morning we saw the formation of this week’s new higher high at the 3,473 level. The price pulled back from that level to the lower edge of this week’s ascending channel. So now we are looking for support at the 3,380 level. We have additional support there in the EMA 50 moving average. We now need a new positive consolidation and a move above the 3,400 level for a bullish option. After that, we would have a chance to find ourselves near the previous high. Potential higher targets are 3,500 and 3,550 levels. We need a negative consolidation and pullback below the 3,350 level for a bearish option. The price could very easily slip to 3,300, the next lower support level, if we fail to hold above the 3,350 level.
Akita Inu chart analysis
The price was maintained above the 0.0000001300 level in the first part of the day. This was followed by a bearish impulse and pullback to the 0.0000001236 level. For now, we have support at that level, and we see a minor recovery. Additional support is the RSI indicator which tells us that the price is oversold and that we could see a recovery and a return to the previous movement zone. While the EMA50 moving average is in the area around the 0.0000001350 level, and it could be an additional resistance for us at that level.