ApeCoin in consolidation and Akita Inu on the rise

ApeCoin chart analysis

The price of ApeCoin has been in a sideways consolidation for a week. Yesterday, we saw an attempt to reach the 1,700 level but stopped at the 1,690 level. After that, we started a bearish consolidation up to 1,550 levels, thus testing last week’s price low. We are getting support in that zone and recovering above the EMA50 moving average and the 1,600 level.

We are now very close to the 1,650 level and expect to see a break above and a continuation to the bullish side. Potential higher targets are 1,700 and 1,750 levels. We need a negative consolidation and pullback to the 1,550 support level for a bearish option. Falling below it leads to forming a new low; thus, we get confirmation of the bearish side. Potential lower targets are 1,500 and 1,450 levels.

Akita Inu chart analysis

Over the weekend, Akita Inu’s price climbed to a new December high at the 0.0000001300 level. Yesterday, we saw another attempt to move higher, but we were stopped at the 0.0000001280 level. From there, we started a pullback that lasts until now, and the price has pulled back to the 0.0000001120 level. In this zone, we could find support in the EMA50 moving average. A break below would lead to the forming of a new low and confirm the bearish pressure.

Potential lower targets are the 0.000001100 and 0.0000001080 levels. We need a positive consolidation and a move above the 0.0000001160 level for a bullish option. Thus, we would rise above today’s initial price and have a good opportunity to start a further recovery. Potential higher targets are 0.0000001180 and 0.0000001200 levels.

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