ApeCoin and Akita Inu: ApeCoin under pressure below 2,200

• ApeCoin price continues the previous bearish consolidation.
• The Akita Inu price received support at the 0.0000001200 level yesterday, after which we saw a bullish recovery.

ApeCoin chart analysis

ApeCoin price continues the previous bearish consolidation. Last night we saw a bearish impulse and a drop to the 2,100 level. In continuation, the price returned to the 2,150 level, and we are currently hovering around that level. As long as we are below 2,200, we can expect a continuation to the bearish side. Potential lower targets are 2,050 and 2,000 levels.

We need a positive consolidation and a price jump to 2,200 levels for a bullish option. We then need a break above to continue the recovery and move above the EMA50 moving average. The picture would then be much more bullish, and we could expect to see further recovery in the price of ApeCoin. Potential higher targets are 2,250 and 2,300 levels.

Akita Inu chart analysis

The Akita Inu price received support at the 0.0000001200 level yesterday, after which we saw a bullish recovery. First, we climbed above the EMA50 moving average and the 0.0000001230 level. Then, with a strong bullish impulse, the price jumps to 0.0000001275. In this way, we returned to the previous resistance zone around the 0.0000001270 level.

With the price of Akita Inu breaking above, we could see a continuation of the recovery and the formation of a new higher high. Potential higher targets are 0.0000001280 and 0.0000001290 levels. If we think bearish, we need a negative consolidation and a new move to the 0.0000001200 support zone. Potential lower targets are the 0.0000001190 and 0.0000001180 levels.