ApeCoin and Akita Inu: ApeCoin slides towards 1,100
- Yesterday, the price of ApeCoin fell below the 1,100 level for the second time this week.
- Yesterday, we saw a fairly calm movement of Akita Inu’s price in the 0.00000008055-0.00000008270 range.
ApeCoin chart analysis
Yesterday, the price of ApeCoin fell below the 1,100 level for the second time this week. After that, we see a new bullish consolidation up to the 1,120 level, where we encounter new resistance. Then followed a price pullback to 1,105 levels. We are getting closer to testing the 1,100 level again, and we may see a break below again and the formation of a new low. Potential lower targets are 1,095 and 1,090 levels.
We need a positive consolidation and a price jump above the 1,120 level for a bullish option. Then, we need to maintain ourselves up there in order to create a position from which we would start to continue the recovery. We have additional resistance to the bullish option in the EMA50 moving average in the zone around 1.125 levels. A break above would indicate a continuation to the bullish side. Potential higher targets are 1.130 and 1.0135 levels.
Akita Inu chart analysis
Yesterday, we saw a fairly calm movement of Akita Inu’s price in the 0.00000008055-0.00000008270 range. Today, we continue in the same range, currently hovering around the 0.00000008171 level. The pressure remains as we fell below the previous support zone over the weekend. Such a picture could influence the price to continue its retreat and form a low. Potential lower targets are the 0.00000008050 and 0.00000008000 levels.
We need a positive consolidation and price jump to the 0.00000008300 level for a bullish option. Thus, they would climb above the EMA50 moving average, which should later positively affect the movement of the Akita Inu. Potential higher targets are 0.00000008350 and 0.00000008400 levels.
