ApeCoin slips below 1,600 and Akita Inu is also in retreat

• ApeCoin price has retreated from yesterday’s high.
• Last night we saw the formation of a new Akita Inu high price at the 0.0000001357 level.

ApeCoin chart analysis

ApeCoin price has retreated from yesterday’s high. Today, we see a further drop below the EMA50 moving average, which may increase pressure and cause the price to start a further pullback. Yesterday’s low was at the 1,580 level, which would be important for us if we want to hold on and start a new recovery. A break below forms a new price low and confirms a bearish option.

Potential lower targets are 1,560 and 1,540 levels. We need positive consolidation and a return to the 1,660 resistance level for a bullish option. A break above would instill optimism in further bullish recovery. Potential higher targets are 1,680 and 1,700 levels.

Akita Inu chart analysis

Last night we saw the formation of a new Akita Inu high price at the 0.0000001357 level. We stop there and start a pullback that continues today up to the 0.0000001200 level. Price remains under pressure to continue with further pullbacks to previous support levels. Potential lower targets are the 0.0000001180 and 0.0000001160 levels.

We will have additional support in the EMA50 moving average in the zone around the 0.0000001160 level. We need a positive consolidation and a move up to the 0.0000001280 level for a bullish option. Then, we need to stay above it so that we can continue our recovery from there. Potential higher targets are the 0.0000001300 and 0.0000001320 levels.