ApeCoin and Akita Inu: ApeCoin hovers around the 1,500
The price of ApeCoin was constantly in a bullish consolidation yesterday.
Akita Inu’s price jumped this morning to the 0.00000013600 level.
ApeCoin chart analysis
The price of ApeCoin was constantly in a bullish consolidation yesterday. The low position was at the 1,400 level, and the day was closed at the 1,490 level. Today, we see a continuation of the previous consolidation and a breakout above the previous high price. In this way, we formed a new high at the 1,540 level.
For now, we are encountering resistance in that zone and pulling back to the 1,500 level. With the current pressure, we could expect to see a continuation of the pullback to 1,480, where we expect a stronger support zone.
A break below would have a negative impact on ApeCoin’s price, and we would see a continuation to the bearish side. Potential lower targets are 1,460 and 1,440 levels.
For a bullish option, we need a positive consolidation and a jump to 1,520 levels. In this way, we would be on the way to test the previous high prices. Potential higher targets are 1,540 and 1,560 levels.
Akita Inu chart analysis
Akita Inu’s price jumped this morning to the 0.00000013600 level. After that, we see a pullback and drop below the 0.00000013000 level. We are currently under bearish pressure and expect to get support in the 0.00000012400-0.00000012600 zone.
A price drop below this zone leads to the formation of a new low and confirmation of a bearish option. Potential lower targets are 0.00000012200 and 0.00000012000 levels.
For a bullish option, we need a positive consolidation and a move to the 0.00000013400 level. Then, we would have to maintain ourselves up there and form a new bottom from which we would start further recovery. Potential higher targets are the 0.00000013600 and 0.00000013800 levels.
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