ApeCoin and the Akita Inu: ApeCoin continues to withdraw
Yesterday, we saw the formation of a new high price of ApeCoin at the 1,303 level.
The Akita Inu price jumped to a new monthly high yesterday at 0.00000009363.
ApeCoin chart analysis
Yesterday, we saw the formation of a new high price of ApeCoin at the 1,303 level. The joy at that level was short-lived because a pullback and withdrawal to the 1,140 level followed. We are getting support at that level and are now consolidating around 1,180. In the zone around 1,195 levels, we have resistance in the EMA50 moving average, and we need a break above for a new recovery. Potential higher targets are 1,200 and 1,210 levels.
We need a negative consolidation and a new price pullback below the 1,150 level for a bearish option. After that, we would probably see the formation of a new low to confirm the bearish scenario. Potential lower targets are 1,140 and 1,130 levels.
Akita Inu chart analysis
The Akita Inu price jumped to a new monthly high yesterday at 0.00000009363. The bullish impulse was short-lived, and the price quickly returned to 0.00000008700. Today, we see a continuation of the pullback, so the price is currently at the 0.00000008630 level. Bearish pressure again prevails and could continue to lower the Akita Inu price. Potential lower targets are 0.00000008600 and 0.00000008500 levels. Additional price support in the zone around 0.00000008500 was the EMA50 moving average.
We need a positive consolidation and a return above the 0.00000008800 level for a bullish option. Then we need to stay up there and, with the next impulse, start the continuation to the bullish side. Potential higher targets are 0.00000008900 and 0.00000009000 levels.
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