ApeCoin and Akita Inu: ApeCoin is back up to 2,000 level
- Today, we see a continuation of the ApeCoin price decline to the 2,000 support level.
- Akita Inu’s price jumped yesterday from the 0.0000000960 level to the 0.0000001060 level.
ApeCoin chart analysis
Today, we see a continuation of the ApeCoin price decline to the 2,000 support level. We managed to stop there and start a bullish consolidation. Now, we need to stabilize above the 2,050 level and start further recovery from that level. The next resistance is around the 2,100 zone because this is where we encounter the EMA50 moving average. A break above would mean a continuation of the bullish option. Potential higher targets are 2,150 and 2,200 levels.
We need a negative consolidation and price pullback below the 2,000 level for a bearish option. We would then have an opportunity to test the previous low at the 1,950 level from last week. Potential lower targets are 1,900 and 1,850 levels.
Akita Inu chart analysis
Akita Inu’s price jumped yesterday from the 0.0000000960 level to the 0.0000001060 level. We were up for a very short time because the price immediately followed a pullback to the 0.0000000980 level. We are now trying to consolidate around the 0.0000001000 level and break above the EMA50 moving average. After that, we can expect to see further growth and recovery in the Akita Inu price. Potential higher targets are 0.0000001020 and 1.0000001040 levels.
We need a negative consolidation and price pullback below the 0.0000000980 level for a bearish option. Thus, we would turn to the previous low at the 0.0000000960 level. Increased pressure in that zone would push the price even lower. Potential lower targets are the 0.000000940 and 0.000000920 levels.
