ApeCoin and Akita Inu: ApeCoin slides to 1,750 level
The price of ApeCoin continues to slide and forms a new low at the 1,719 level. Akita Inu’s price drops to a new low at 0.00000009382 level.ApeCoin chart analysis
The price of ApeCoin continues to slide and forms a new low at the 1,719 level. Last week, we fell below the EMA50, which had the effect of starting a stronger bearish trend with 2,050 levels. Over the weekend, the price failed to hold above the 1,950 level, and we saw a breakout below. Even the 1,900 level failed to support us, and the price continued to retreat.
We are now seeing an end to the decline and the beginning of a possible recovery. ApeCoin is now trying to break above the 1,800 level. Then, we need to stay above it and start the recovery with consolidation. Potential higher targets are 1,850 and 1,900 levels.
We need a negative consolidation and pullback below the 1,750 level for a bearish option. This could cause it to fall below and form a new low. Potential lower targets are 1,700 and 1,650 levels.
Akita Inu chart analysis
Akita Inu’s price drops to a new low at 0.00000009382 level. After that, we see a recovery above the 0.00000009500 level. It is now possible that we will return to the previous movement zone 0.00000009700-0.0000001000. If we succeed in that, we will have the opportunity to start a further recovery. We encounter the EMA50 moving average in the zone, which could be the main obstacle to our recovery.
For a bearish option, we need a continuation of the negative consolidation into a pullback below the 0.00000009400 level. After that, we can expect the formation of a new low, and the potential lower targets are the 0.00000009300 and 0.00000009200 levels.
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