ApeCoin and Akita Inu: ApeCoin recovers to 2,250 level

• The price of ApeCoin still remains at the June low at the 2,200 level. 
• This morning we saw a bullish consolidation that pushed the price to the 0.0000001160 level. 

ApeCoin chart analysis

The price of ApeCoin still remains at the June low at the 2,200 level. We are already in this zone for the fifth day, and the price continues with lateral consolidation. We need a break above the 2,300 level for a bullish option and try to hold up there. After that, we could expect to see continued recovery and climbing to higher levels.

Potential higher targets are 2,400 and 2,500 levels. For a bearish option, we need a drop below the 2,200 level. After that, the price would be under stronger bearish pressure, and we would see further decline. Potential lower targets are the 2,100 and 2,000 levels.

Akita Inu chart analysis

This morning we saw a bullish consolidation that pushed the price to the 0.0000001160 level. We have additional resistance at this level in the EMA50 moving average. This is how this week’s new high price was formed. Then there was a quick pullback to the 0.0000001120 level, and the price continued to slide towards the 0.0000001100 level.

We are still in this week’s bullish channel, and we could expect to see a continuation of the movement inside its boundaries. Potential lower targets are the 0.0000001080 and 0.0000001060 levels.