ApeCoin and Akita Inu: Apecoin stops at 1,340 level
ApeCoin price is in bullish consolidation for the second day in a row.
Akita Inu’s price recovered to the 0.0000001350 level yesterday.
ApeCoin chart analysis
ApeCoin price is in bullish consolidation for the second day in a row. This morning, we saw a jump to 1,340 levels. We stop there for now and pull back to support at the 1,320 level. If we manage to hold on here, we will have a good starting position for a new bullish consolidation and continuation to the bullish side. Potential higher targets are 1,360 and 1,380 levels.
In the zone around 1,380 levels, we encounter the EMA200 moving average, which could slow down further recovery. We need a pullback to yesterday’s 1,300 support level for a bearish option. New pressure on that zone would lead to an increase in bearish momentum for further continuation and lowering of the price of ApeCoin. Potential lower targets are 1,280 and 1,260 levels.
Akita Inu chart analysis
Akita Inu’s price recovered to the 0.0000001350 level yesterday. In that zone, we encountered new resistance and began a retreat that continues today. The price fell below yesterday’s low and is moving slightly towards this week’s low in the zone around the 0.0000001250 level. Potential lower targets are 0.0000001200 and 0.0000001150 levels.
We need a positive consolidation up to the 0.0000001350 level for a bullish option. There, we would test the previous resistance level. A break above would indicate that the price has stabilized and that we expect to see further growth. Potential higher targets are the 0.0000001400 and 0.0000001450 levels. EMA200 moving average is in the zone around 0.0000001400 levels.
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