ApeCoin And Akita Inu: ApeCoin stops at the 1,800 level

ApeCoin chart analysis

The price of ApeCoin fell to a new April low at 1,600 levels on Friday. We successfully held above that level and initiated a bullish consolidation up to 1,818 levels. We formed that high last night and stopped below it, initiating a new bearish consolidation. We are again back below the EMA200 moving average, adding to the bearish pressure. We are now at 1,745 and looking at the weekly open price at the 1,722 level.

By falling below this level, we move to the bearish side and can expect a continuation of the pullback and the search for new support. Potential lower targets are 1,700 and 1,650 levels. We need a positive consolidation and a return above the 1,800 level for a bullish option. We are close to testing last night’s high, and we can hope for a move above to a new one. Potential higher targets are 1,850 and 1,900 levels.

Akita Inu chart analysis

This morning, Akita Inu’s price climbed to 0.0000002938, forming a new April high. After that, we quickly went down to the 0.0000002800 level. A shorter consolidation followed in that zone, but the price did not hold up above; instead, we see a breakout below to a new daily low. We are now at the 0.0000002735 level and leaning towards the EMA200 moving average. Potential lower targets are the 0.0000002650 and 0.0000002600 levels.

We need to get back above the 0.0000002800 level for a bullish option and try to hold up there. If we succeed in this, we could start a new positive consolidation and start growing on the bullish side. Potential higher targets are the 0.0000002900 and 0.0000002950 levels.

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