ApeCoin and Akita Inu: ApeCoin tests the 2,200 level

• ApeCoin’s price managed to consolidate above the 2,000 level yesterday and start a bullish trend. 
• Today we see Akita Inu’s price again at the 0.0000001180 level.

ApeCoin chart analysis

ApeCoin’s price managed to consolidate above the 2,000 level yesterday and start a bullish trend. This morning we saw a bullish impulse and the formation of a new high at the 2,250 level. We are currently seeing a minor pullback to the 2,170 level and are now consolidating around that level. Additional price support in that zone could be the EMA50 moving average. This could trigger a new bullish consolidation and further continuation of ApeCoin price growth.

Potential higher targets are 2,300 and 2,350 levels. We need a negative consolidation and a drop to the 2,100 support level for a bearish option. Failure to hold above will lead to a breakout below and a retest of the 2,000 level. A new hold in that zone for too long could form a new lower low below the 1,950 level.

Akita Inu chart analysis

Today we see Akita Inu’s price again at the 0.0000001180 level. We tested support at the EMA50 moving average this morning and have been in a bullish consolidation ever since. The price received support at the 0.0000001140 level and jumped to the 0.0000001180 level. 

We currently have a minor pullback to the 0.0000001170 level looking for new higher support. If we succeeded in that, we would see a break above the 0.0000001180 level and a continuation to the bullish side. Potential higher targets are 0.0000001200 and 0.0000001220 levels.

For a bearish option, we need a negative consolidation and pullback to support at the 0.0000001140 level. A break below would mean a possible further pullback and testing of the previous low. Potential lower targets are the 0.0000001120 and 0.0000001100 levels.