ApeCoin and Akita Inu: ApeCoin rises above the 1,100 level
- The price of ApeCoin has been in a stable bullish consolidation for ten days.
- The Akita Inu price made a bullish impulse all the way to the 0.00000011200 level on Sunday.
ApeCoin chart analysis
The price of ApeCoin has been in a stable bullish consolidation for ten days. We are currently seeing the formation of a new two-week high at the 1,110 level. We need further continuation of this positive consolidation if we want to see growth to higher levels on the chart. Potential higher targets are 1,120 and 1,140 levels.
We need negative consolidation and pullback of ApeCoin price to the 1,060 level for the bearish option. There, we would test the EMA50 moving average, and we could see a break below for further continuation to the bearish side. Potential lower targets are 1,050 and 1,040 levels, previous support for the weekend.
Akita Inu chart analysis
The Akita Inu price made a bullish impulse all the way to the 0.00000011200 level on Sunday. After that, we see a pullback to support at the 0.00000009700 level. Then, the price makes a bullish consolidation to the 0.00000010600 level, where it encounters a new resistance and forms a lower high. From that level, we are moving into a bearish consolidation, and now we are testing the 0.00000009600 level of support.
A break below this level would lead to an increase in bearish pressure, and a further decline in Akita Inu price would follow. Potential lower targets are the 0.00000009400 and 0.00000009200 levels. We could get additional support at the 0.00000009000 level in the EMA50 moving average. We need a positive consolidation and a return above the 0.000000010000 level for a bullish option. After that, we could expect to see a continuation to the bullish side. Potential higher targets are the 0.00000010400 and 0.00000010600 levels.