ApeCoin and Akita Inu: ApeCoin rose to 1,675 last night
- The price of ApeCoin jumped up to 1,675 levels yesterday with a bullish impulse.
- Akita Inu continues to slide in a bearish consolidation.
ApeCoin chart analysis
The price of ApeCoin jumped up to 1,675 levels yesterday with a bullish impulse. A strong, bullish impulse was followed by a strong, bearish impulse and a drop this morning to 1,483 levels. The price remains under pressure, so we expect to see a continued pullback to at least the EMA200 moving average in the area around 1,460. Potential lower targets if we do not get proper support are 1,425 and 1,400.
We need a positive consolidation and formation of a bottom at the 1,500 level for a bullish option. If we managed to form a bottom there, we would have support from which to start a bullish consolidation. After that, we look at the 1,550 level, the place of the previous consolidation attempt. A break above would have a positive impact and trigger further recovery. Potential higher targets are 1,600 and 1,650 levels.
Akita Inu chart analysis
Akita Inu continues to slide in a bearish consolidation. Today, the price dropped to 0.0000001480 levels. We are currently holding above, but the recovery is weak and only up to the 0.0000001510 level. This could trigger further price pullbacks and form a new weekly low. Potential lower targets are the 0.0000001450 and 0.0000001400 levels.
If the price were to consolidate and stabilize above the 0.0000001520 level, we could see the start of a bullish recovery. The first upper resistance is at the 0.0000001540 level, and we need a jump above it to form a new daily high. Potential higher targets are 0.0000001550 and 0.0000001600 levels. Additional pressure in the zone around 0.0000001580 is the EMA200 moving average. Moving above it, we would significantly strengthen the bullish scenario.
