ApeCoin retreats to 1,550, and Akita Inu also slides

During the previous week, we saw the price of ApeCoin jump up to 1,779 levels. During the weekend, the Akita Inu price managed to reach 0.0000001169 levels.

ApeCoin chart analysis

During the previous week, we saw the price of ApeCoin jump up to 1,779 levels. In this way, a three-month high price was formed. After that, we see a pullback and the start of a bearish consolidation that continues today. The price falls to the 1,550 level and tests the potential support of the EMA50 moving average there. In the last couple of hours, we saw an attempt to start a bullish consolidation that was stopped at the 1,600 level.

We need a break above to trigger further positive consolidation and continued ApeCoin price recovery. Potential higher targets are 1,650 and 1,700 levels. For a bearish option, you need a break below the EMA50 moving average and 1,550 levels. This would form a new weekly price low and thus confirm the bearish presence on the chart. Potential lower targets are 1,500 and 1,450 levels.

Akita Inu chart analysis

During the weekend, the Akita Inu price managed to reach 0.0000001169 levels. We encountered resistance in that zone, and the price began to pull back, falling below the 0.0000001100 level. Bearish consolidation continued yesterday up to the 0.0000001000 level. We get support in that zone and recover only to the 0.0000001060 level.

Additional pressure in that zone creates the EMA50 moving average, which influences the price to start a new pullback to the 0.0000001020 level, where we are now. Potential lower targets are 0.0000001000 and 0.0000000980 levels. We need a positive consolidation and a return to the zone above the 0.0000001060 level for a bullish option. Then, we would have to hold up there to wait for the next bullish impulse and start a recovery. Potential higher targets are the 0.0000001080 and 0.0000001100 levels.

The post ApeCoin retreats to 1,550, and Akita Inu also slides appeared first on FinanceBrokerage.