ApeCoin and Akita Inu: ApeCoin makes pressure at 2,000
ApeCoin price continues to slide below the 2,000 level. Akita Inu’s price continues last week’s bullish consolidation.ApeCoin chart analysis
ApeCoin price continues to slide below the 2,000 level. Yesterday, the price fell to a new low, at the 1,955 level. After that, we could see the decline stop, and the price started a recovery to 2,100 levels. There we find new resistance and start today’s retreat. We are now close to the 2,000 level again, and we can say that we are testing its support right now.
Chances are high that we could see a breakout below and the formation of a new lower low below the 1.9500 level. We need a positive consolidation and a break above the 2,100 level for a bullish option. Then we need to hold up there to consolidate there before continuing to the bullish side. Potential higher targets are 2,150 and 2,200 levels.
Akita Inu chart analysis
Akita Inu’s price continues last week’s bullish consolidation. On Sunday, we had the formation of a new high at the 0.0000001200 level. Then we see a new pullback and the formation of a higher low at the 0.0000001100 level. We are currently under pressure below the EMA50 moving average, which could have a negative impact on further price movements.
We need a drop below the previous low at 0.0000001100 for a bearish option. After that, we could expect to see continued pullbacks and visits to the next lower support zone. Potential lower targets are the 0.0000001080 and 0.0000001060 levels. For a bullish option, we need a rise above the EMA50 to the 0.0000001140 level. We should stabilize there before continuing up. Potential higher targets are 0.0000001160 and 0.0000001180 levels.
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