ApeCoin and Akita Inu: ApeCoin rose to 2,122 yesterday

 

• The price of Apecoin continues its growth from last week, forming a new high at the 2,122 level.
• The Akita Inu price manages to hold above the 0.00000010200 level.

 

ApeCoin chart analysis

The price of Apecoin continues its growth from last week, forming a new high at the 2,122 level. From there, the price begins to retreat and receives support this morning at the 2,000 level. There we see the stop of the decline, consolidation and recovery to the 2,035 level. We now expect to see a continuation of the recovery and a move towards the previous resistance level. Potential higher targets are 2,100 and 2,150 levels.

We need a negative consolidation and a price drop below the 2,000 support level for a bearish option. A break below would confirm the bearish scenario, and we could expect to see the price drop to the next lower support level. Potential lower targets are 1,950 and 1,900 levels. Additional support for ApeCoin could be found at the 1,950 level in the EMA50 moving average.

Akita Inu chart analysis

The Akita Inu price manages to hold above the 0.00000010200 level. The price is moving in the 0.00000010200-0.00000010500 range in the previous three days. We are currently at the 0.00000010370 level and on our way to the upper resistance level. We have support in all technical indicators, and the price could use this to its advantage. Potential higher targets are 0.00000010600 and 0.00000010700 levels.

We need a negative consolidation and a price drop below the support at the 0.00000010200 level for a bearish option. A drop below that would mean that it is weakening, and we could see a continuation of the pullback to the bearish side. Potential lower targets are 0.00000010100 and 0.00000010000 levels.