ApeCoin and Akita Inu: ApeCoin jumps above 1,500 level
- Over the weekend, we saw a bullish movement in the price of ApeCoin, which continued yesterday to 1,590 levels.
- We expected to see the Akita Inu price break above the EMA50 moving average.
ApeCoin chart analysis
Over the weekend, we saw a bullish movement in the price of ApeCoin, which continued yesterday to 1,590 levels. We stop at that level and start a pullback to support at the 1,460 level. For now, we remain above the support level and are recovering to the 1,500 level. We need a continuation of this positive consolidation now in order to start a further recovery on the bullish side.
Potential higher targets are 1,520 and 1,540 levels. We need a negative consolidation and pullback below the support at the 1,460 level for a bearish option. In this way, we have formed a new today’s low, which could trigger a deeper pullback in the price of ApeCoin. Potential lower targets are 1,440 and 1,420 levels. Additional support could be found in the EMA50 moving average in the zone around 1,420 levels.
Akita Inu chart analysis
We expected to see the Akita Inu price break above the EMA50 moving average. The EMA50 dropped below the 0.0000001100 level, but the price failed to break above and start a recovery. Conversely, we saw a bearish consolidation away from the EMA50. The price went down to the 0.0000001050 level and is trying to stop and get support. A new drop below this level leads to the formation of a new low, and thus, we get confirmation of bearish dominance.
Potential lower targets are 0.0000001000 and 0.0000000950 levels. We need a positive consolidation and a move to the 0.0000001100 level for a bullish option. There, we would again have the opportunity to test the EMA50 moving average. A break above would help Akita Inu’s price recover further. Potential higher targets are the 0.0000001150 and 0.0000001200 levels.