ApeCoin climbs to 1,500 as Akita recovers slightly
- Yesterday, we saw the recovery of ApeCoin price above the 1,400 level.
- The Akita Inu price recovered from the drop the day before to the 0.0000000901 level.
ApeCoin chart analysis
Yesterday, we saw the recovery of ApeCoin price above the 1,400 level. We managed to get the support of the EMA50 moving average and start the continuation of the recovery up to the 1,500 level. This price high was formed this morning; for now, it is our daily high. We encounter resistance in that zone, which leads to a pullback and falls to the 1,465 level.
We are under some bearish pressure that could lower the price to the previous support at the 1,440 level. The inability to maintain above it makes a new breakthrough by forming a new daily low. Potential lower targets are 1,420 and 1,400 levels.
Additional support is the EMA50, again in the zone around 1,420 levels. We need a positive consolidation and a new test of the 1,500 resistance level for a bullish option. If we manage to move above, then we can expect to continue the recovery. Potential higher targets are 1,520 and 1,540 levels.
Akita Inu chart analysis
The Akita Inu price recovered from the drop the day before to the 0.0000000901 level. Yesterday, we recovered to the 0.0000001040 level, and so far, we have been unable to break above. We encounter an opening in that zone and pull back slightly to the 0.0000001000 level. Here, we could get new support and start a new bullish consolidation that would cross the 0.0000001040 level. Above that is the EMA50 moving average, which puts additional pressure on the Akta Inu price.
Potential higher targets are 0.0000001060 and 0.0000001080 levels. We need a negative consolidation and a drop below the 0.0000001000 level for a bearish option. A break below this support tells us that the price is under pressure, and it is possible that we will see a pullback to the previous support levels. Potential lower targets are the 0.0000000980 and 0.0000000960 levels.
