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ApeCoin and Akita Inu: ApeCoin struggles with 1,140 level

ApeCoin and Akita Inu: ApeCoin struggles with 1,140 level

The price of ApeCoin fell to support at the 1,080 level this morning.
Akita Inu’s price is moving in a bullish consolidation from the 0.00000009400 level today.

ApeCoin chart analysis

The price of ApeCoin fell to support at the 1,080 level this morning. It receives support with the EMA50 moving average at that level and starts a bullish consolidation up to 1,130 levels. Now, we see a slight pullback to the 1,120 level and expect to find new support in the 1,100-1,110 zone. We are very close to retesting yesterday’s 1,140 resistance level.

A break above would be very helpful for us to continue on the bullish side. Potential higher targets are 1,150 and 1,160 levels. We need a negative consolidation and pullback below the 1,100 level for a bearish option. After that, we would likely see a continuation of the decline to the EMA50 moving average at the 1,080 level. There, we could expect more support to stop further price pullback.

Akita Inu chart analysis

Akita Inu’s price is moving in a bullish consolidation from the 0.00000009400 level today. This led to the formation of a two-day high at the 0.00000010200 level. We are still close to that zone, consolidating above the 0.00000010000 level. We need a new impulse to push Akita Inu’s price above the previous high. Potential higher targets are the 0.00000010400 and 0.00000010600 levels.

We need a negative consolidation and a drop below the 0.00000010000 support level for a bearish option. After that, we could expect to see a continuation of the decline to lower support levels. Potential lower targets are 0.00000009800 and 0.00000009600 levels. The EMA50 moving average is near the 0.0000009200 level.

 

The post ApeCoin and Akita Inu: ApeCoin struggles with 1,140 level appeared first on FinanceBrokerage.

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