ApeCoin is recovering, while Akita Inu is stagnating

ApeCoin chart analysis

ApeCoin price pulled back to tested support at the 1,500 level yesterday. We managed to get support at that level and start a recovery to 1,630. For now, we pause in that zone and pull back to the 1,600 level. It is positive that we are above the EMA50 moving average, and we hope to get its support for the continued bullish side. Potential higher targets are 1,650 and 1,700 levels.

For a bearish option, we need a negative consolidation and a pullback to retest support at the 1,500 level. Going down, we would fall below the EMA50, which would look negative for the price of ApeCoin. Increased pressure would influence us to continue the pullback until the next support. Potential lower targets are 1,450 and 1,400 levels.

Akita Inu chart analysis

Akita Inu’s price continues this week’s sideways consolidation in the 0.0000001000-0.0000001080 range. Today’s movement is mostly around the 0.0000001020 level, putting pressure on the lower support zone. It is also negative that we are further below the EMA50 moving average, increasing the price pressure. A break below would lead to the formation of a new low and thus confirm the bearish momentum on the chart.

Potential lower targets are the 0.0000000980 and 0.0000000970 levels. We would first need to move above the EMA50 moving average and the 0.0000001050 level for a bullish option. Then we need to keep up there. Thus, we would form a new bottom from which we could start a recovery and break above the 0.0000001080 level. Potential higher targets are 0.0000001100 and 0.0000001120 levels.

The post ApeCoin is recovering, while Akita Inu is stagnating appeared first on FinanceBrokerage.