ApeCoin and Akita Inu: ApeCoin under pressure at 2,000
- The price of ApeCoin has been moving sideways in the 1,900-2,000 range for the past two days.
- Yesterday, Akita Inu’s price rose to the 0.0000001700 level.
ApeCoin chart analysis
The price of ApeCoin has been moving sideways in the 1,900-2,000 range for the past two days. The movement is currently stable, with slight bullish indications for the initiation of positive consolidation. We need a break above the 2,000 level. Then the price would form a new daily high and thereby indicate that it is starting a recovery. Potential higher targets are 2,050 and 2,100 levels.
We need a price drop below the 1,900 level for a bearish option. This would disrupt the previous movement, and with the new low, we get confirmation of the move to the bearish side. After that, we look at the weekly open price as the next lower support at the 1,842 level. Slightly lower at 1,815 is the EMA200 moving average that could stop further pullbacks.
Akita Inu chart analysis
Yesterday, Akita Inu’s price rose to the 0.0000001700 level. There, we formed a new February high. The price stops there, and with a rapid bearish consolidation, we descend to support at the 0.0000001510 level. We successfully stopped there and initiated a recovery to the 0.0000001628 level. We are again on a bullish path and expect to see a continuation and a new retracement of the previous high.
Potential higher targets are the 0.0000001650 and 0.0000001700 levels. We need a price drop to the support level at 0.0000001500 for a bearish option. Another pressure could cause us to fall below the support and form a new price low. Potential lower targets are the 0.0000001450 and 0.0000001400 levels. Additional support for the price is the EMA200 in the zone around the 0.0000001400 level.
