ApeCoin and Akita Inu: ApeCoin up to 1,820 this morning
The price of ApeCoin this morning returned to the previous resistance zone around 1,820 levels. In addition to yesterday’s recovery, the Akita Inu price remains in a bearish channel.ApeCoin chart analysis
The price of ApeCoin this morning returned to the previous resistance zone around 1,820 levels. Like last time, we are now encountering resistance and making a pullback. We get the first support at the 1,740 level, and we remain above it for now. ApeCoin has recovered slightly to 1,760 levels, and we need a continuation of positive consolidation if we want to see a continuation to the bullish side. Potential higher targets are 1,800 and 1,820 levels.
We would have to break below the 1,720 and EMA50 moving average for a bearish option. With that, we would take the first step on the bearish side. In the continuation, we can expect the price to start a further retreat. Potential lower targets are 1,700 and 1,680 levels.
Akita Inu chart analysis
In addition to yesterday’s recovery, the Akita Inu price remains in a bearish channel. Today’s resistance is at the 0.0000001800 level, and we are unable to move above it for now. This leads to another pullback and descent to support at the 0.0000001750 level. In this way, we dropped below the EMA50 moving average, which additionally negatively affected the price movement. Potential lower targets are 0.0000001700 and 0.0000001600 levels.
For a bullish option, we need a positive consolidation and a move above the EMA50 and 0.0000001800 levels. Then, we would have to hold above there and initiate a further bullish recovery from there. Potential higher targets are 0.0000001850 and 0.0000001900 levels.
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