ApeCoin and Akita Inu: ApeCoin recovers to 1,060 level

• The price of ApeCoin formed a new low yesterday at the 0.983 level.
• The Akita Inu price fell to a new low yesterday at the 0.00000007710 level.

ApeCoin Chart Analysis

The price of ApeCoin formed a new low yesterday at the 0.983 level. After that, we manage to get support at that level and with a bullish impulse, we return above the 1,000 level. With further bullish consolidation, we formed a three-day high at the 1,057 level. A slight pullback brings the price down to support at the 1,045 level. Now, we need another positive consolidation to advance further on the bullish side. Potential higher targets are 1,060 and 1,080 levels.

Additional resistance for the price of ApeCoin could be the EMA50 moving average in the zone around 1,070 levels. We need a negative consolidation and pullback to the 1,000 level for a bearish option. A break below signifies that we are continuing on the bearish side. Potential lower targets are 0.980 and 0.960 levels.

Akita Inu Chart Analysis

The Akita Inu price fell to a new low yesterday at the 0.00000007710 level. Soon, we saw a bullish consolidation that increased the price to 0.00000008299. We now expect to see a continuation of the recovery and a jump to the 0.00000008400 level. With that step, we would skip the EMA50 moving average, which could later have a positive effect on the Akita Inu price. Potential higher targets are 0.00000008500 and 0.00000008600 levels.

For a bearish option, we need a negative consolidation and pullback to the 0.00000008100 level first. A break below it could take us down to a test of the previous support zone. Potential lower targets are 0.0000007900 and 0.00000007800 levels.