ApeCoin and Akita Inu: ApeCoin is holding above 3,400
ApeCoin continues its recovery after last week’s drop to 3,109 levels. The Akita Inu chart shows a sideways price movement for the third day in a row without any oscillations.ApeCoin chart analysis
ApeCoin continues its recovery after last week’s drop to 3,109 levels. Since then, we have seen a bullish price movement in the ascending channel. Today we see the formation of a new higher high up to the 3,433 level. The positive for us is that we managed to move above the EMA50 moving average and now have its support at the 3,375 level.
If we managed to stay above it, the price would have good support to continue with a further recovery above the 3,450 level. Potential higher targets are 3,500 and 3,550 levels.
Akita Inu chart analysis
The Akita Inu chart shows a sideways price movement for the third day in a row without any oscillations. The price is around 0.0000001300 levels. We need a positive consolidation and a move to the 0.0000001350 level for a bullish option. In that way, we would get out of the previous consolidation.
Potential higher targets are the 0.0000001400 and 0.0000001450 levels. Additional price resistance at the first upper level is the EMA50 moving average. We need a negative consolidation and a price drop to the 0.0000001250 level for a bearish option. In this way, we would form a new lower low this week. Potential lower targets are the 0.0000001200 and 0.0000001150 levels.
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