ApeCoin and Akita Inu: ApeCoin moved above the 1,800 level
ApeCoin price is slowly recovering after yesterday’s drop to 1,719 levels.
The Akita Inu price returned to the previous consolidation zone yesterday.
ApeCoin chart analysis
ApeCoin price is slowly recovering after yesterday’s drop to 1,719 levels. This morning, we climbed to the 1,850 level. Where we have resistance and are pulling back to the 1,800 level. The price could find support here now and initiate a new bullish consolidation. The first sign of recovery would be testing and moving above the previous high. After that, we could expect ApeCoin to continue its recovery. Potential higher targets are 1,900 and 1,950 levels.
We need a negative consolidation and price pullback to the 1,750 support level for a bearish option. A fall below leads to an increase in bearish pressure on the price, which means a further retreat to lower levels. Potential lower targets are 1,700 and 1,650 levels.
Akita Inu chart analysis
The Akita Inu price returned to the previous consolidation zone yesterday. Today’s high was formed at the 0.00000009800 level. Additional resistance in that zone is the EMA50 moving average, which may have influenced the price to drop to 0.00000009700. Now, we expect to receive support at this level and start a new test of the EMA50 in order to initiate further recovery. A break above it would mean a lot to us, and potential higher targets are 0.00000009900 and 0.00000010000 levels.
We need a negative consolidation and pullback to the 0.00000009600 level for a bearish option. There, we would be under increased pressure to continue with further descent and testing of the previous low. Potential lower targets are the 0.00000009500 and 0.00000009400 levels.
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