ApeCoin and Akita Inu: ApeCoin is hovering around 1,300
The price of ApeCoin continues to move away from the previous high, falling to the 1,280 level yesterday.
Akita Inu’s price continues today with bearish consolidation, going down to the 0.00000012150 level.
ApeCoin chart analysis
The price of ApeCoin continues to move away from the previous high, falling to the 1,280 level yesterday. After that, there is a positive consolidation and a jump to the 1,340 level, where we encounter resistance. This leads to another pullback to the 1,290 support level. Again, we see the formation of positive consolidation and a return to the resistance zone around 1,340 levels. We then need a break above to trigger further recovery.
Potential higher targets are 1,360 and 1,380 levels. For a bearish option, we need a negative consolidation and a new pullback to support at 1,280 levels. A break below leads to the formation of a new low and thus confirms the bearish option. Potential lower targets are 1,260 and 1,240 levels.
Akita Inu chart analysis
Akita Inu’s price continues today with bearish consolidation, going down to the 0.00000012150 level. We remain under pressure in that zone as we fail to get back above the 0.00000012500 level. This could lead to a breakout below and the formation of a new lower low. Potential entry targets are 0.00000012000 and 0.00000011500 levels.
For a bullish option, we would first need to move above the 0.00000012500 level. With Positive Consolidation, we would initiate a longer recovery up to the 0.00000013000 level. Additional pressure in that zone creates the EMA50 moving average, and we need a break above it for further continuation to the bullish side. Potential higher targets are 0.00000013500 and 0.00000014000 levels.
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