ApeCoin and Akita Inu: ApeCoin slide towards 1,800 level

• ApeCoin price continues to pull back, forming a new lower low.
• The Akita Inu price continues to slide today, forming a new July low at 0.0000001081.

ApeCoin chart analysis

The price of ApeCoin  continues to pull back, forming a new lower low. The fall was stopped yesterday at 1.809, where the price finds support and begins a minor recovery to 1.85. Over the weekend, the price tried to consolidate and hold above the 1,850 level, but yesterday a breakout below occurred, and the price slipped to a new low.

We need a positive consolidation and a move to 1,875 levels for a bullish option. Then we need to hold on and consolidate so that we can start further recovery. Potential higher targets are 1,900 and 1,950 levels. Adding to the bullish trend in that zone is the EMA50 moving average.

We need a negative consolidation and price pullback to 1,800 levels for a bearish option. A drop below would form a new low; potential lower targets are 1,775 and 1,700.

Akita Inu chart analysis

The Akita Inu price continues to slide today, forming a new July low at 0.0000001081. For a week now, the price has been in a bearish trend for a week after pulling back below the EMA50 moving average. There is a high probability that we will see a further retreat of the Akita Inu in the rest of the week. Potential lower targets are the 0.0000001070 and 0.0000001060 levels.

We need a positive consolidation and recovery to the 0.0000001120 level for a bullish option. Then we need to break through above that level and try to stay up there. If we succeed in that intention, we will have the opportunity to start a further recovery. Potential higher targets are the 0.0000001130, 0.0000001140 and 0.0000001150 levels. Additional resistance at 0.0000001150 is the EMA50 moving average.