ApeCoin retreats to a new low along with Akita Inu
After the jump in the price of ApeCoin on Monday to the 1,590 level, a retreat followed and a new low price was formed at the 1,320 level. Yesterday, we saw the Akita Inu price break below last week’s support at the 0.0000001000 level.ApeCoin chart analysis
After the jump in the price of ApeCoin on Monday to the 1,590 level, a retreat followed and a new low price was formed at the 1,320 level. We found support at that low and initiated a consolidation to the 1,400 level. We are now holding in this zone and testing the EMA50 moving average.
We need a breakout above if we want to see if the price of ApeCoin will rise. Potential higher targets are 1,420 and 1,440 levels. We need a negative consolidation and pullback to 1,360 levels for a bearish option. Thus, we would again turn towards the previous low and have the opportunity to test it again. Potential lower targets are 1,300 and 1,280 levels.
Akita Inu chart analysis
Yesterday, we saw the Akita Inu price break below last week’s support at the 0.0000001000 level. It was formed a new November low at the 0.0000000901 level. We stayed below for a short time, and with a positive consolidation, we returned to the 0.0000000990 level. We are again close to testing and returning above the 0.0000001000 level. If we succeed in this, we will have a good basis for further recovery. Potential higher targets are 0.0000001020 and 0.0000001040 levels.
The EMA50 moving average is in the zone around 0.0000001060 levels. We need a negative consolidation and price pullback to the 0.0000000950 level for a bearish option. This would mean that the bearish is slowly taking over and that a retest of the previous support is a sure thing. Potential lower targets are 0.0000000900 and 0.0000000880 levels.
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