ApeCoin and Akita Inu: ApeCoin is back below 1,800

ApeCoin chart analysis

Yesterday, we saw a new spike in the price of ApeCoin above the 1,800 level. As in previous attempts, the price encounters resistance and begins to retreat, descending to 1,720 levels this morning. Additional support in that zone is the EMA50 moving average. We managed to slow down the decline and move up to 1,760 levels. ApeCoin is still under pressure, which could lead to another decline and a test of the EMA50.

New increased pressure in that zone could lead to a breakout below and the formation of a new low. Potential lower targets are 1,700 and 1,680 levels. We need a positive consolidation and a move above the 1,760 level for a bullish option. Then we also need to maintain ourselves there above. After forming a bottom at that level, we would have a good position to continue on the bullish side. Potential higher targets are 1,780 and 1,800 levels.

Akita Inu chart analysis

The Akita Inu price is in a slight bearish consolidation, dropping back below the EMA50 moving average. This creates more pressure on the price, so today, we saw the formation of a new weekly low at the 0.0000001726 level. Chances are high that we will see a continuation to the bearish side and the formation of a new low. Potential lower targets are the 0.0000001700 and 0.0000001650 levels.

We need a positive consolidation and a return above the EMA50 moving average and the 0.0000001800 level for a bullish option. Then, we would have to stay above him. If we succeed in that, we will be in a good position to start further recovery. Potential higher targets are 0.0000001850 and 0.0000001900 levels.

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