ApeCoin in bullish consolidation, Akita Inu is above EMA200
ApeCoin continues its two-day bullish consolidation. The Akita Inu price pulled back to the 0.0000002910 level this morning.ApeCoin chart analysis
ApeCoin continues its two-day bullish consolidation. Support has moved above the 2,150 level with the EMA200 moving average. The next target that we should skip to continue the bullish recovery is the 2,250 level. The price tested the 2,300 level yesterday but quickly returned to the previous movement channel, and today, we could test that level again. Potential higher targets are the 2,350 and 2,400 levels.
For a bearish option, we need a negative consolidation and a pullback of ApeCoin below the 2,100 level. So, we would go back below the EMA200 moving average again. With new pressure, we will be forced to retreat. Potential lower targets are the 2,050 and 2,000 levels.
Akita Inu chart analysis
The Akita Inu price pulled back to the 0.0000002910 level this morning. There, we encountered the EMA200 moving average, which for now, does not allow us to move below and provides us with support. We are at the beginning of a new bullish consolidation and are moving to the 0.0000003090 level. We need a rise above 0.0000003500 to break the previous bearish formation. Potential higher targets are the 0.0000003600 and 0.0000003800 levels.
For a bearish option, we need a drop below the EMA200 and the 0.0000002800 levels. That would further strengthen the pressure on Akita Ina to continue on the bearish side. The price would test the weekly open price, and a drop below would erase all gains from the beginning of the week. Potential lower targets are the 0.0000002600 and 0.0000002500 levels.
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