ApeCoin and Akita Inu: ApeCoin seeks support at 1,300
- The price of ApeCoin continues its bearish consolidation, falling to 1,260 levels yesterday.
- The Akita Inu price fell to a new weekly low yesterday at 0.0000001415.
ApeCoin chart analysis
The price of ApeCoin continues its bearish consolidation, falling to 1,260 levels yesterday. We are getting support in that area and starting a recovery that continues today. The price was successfully maintained above the 1,300 level during the night, and we are currently at the 1,345 level. Today’s high is at 1,350; for now, we stop at that level, consolidating in the 1,300-1,350 range. With the breakout above, we continue the recovery, hoping to reach the EMA50 moving average.
Potential higher targets are 1,400 and 1,450 levels. We need a pullback below the 1,300 support level for a bearish option. After that, we would again have the opportunity to test yesterday’s low. Increased movement in that zone would increase the pressure to continue on the bearish side. Potential lower targets are 1,250 and 1,200 levels.
Akita Inu chart analysis
The Akita Inu price fell to a new weekly low yesterday at 0.0000001415. We successfully found support at that level and recovered to the 0.0000001500 level. That level is today’s high, and we would have to pass it to continue to the bullish side. The next important target is the 0.0000001550 level because this is where we meet the EMA50 moving average.
A breakout above us releases bearish pressure, and potential higher targets are the 0.0000001600 and 0.0000001650 levels. We need a negative consolidation and pullback below the 0.0000001450 level for a bearish option. After that, we expect to start a further pullback, and potential lower targets are 0.0000001400 and 0.0000001350 levels.
