ApeCoin and Akita Inu: Akita Inu in lateral consolidation
- Yesterday’s price movement of ApeCoin was very bullish from 1,550 to 1,865 level.
- Akita Inu’s price is in the three-day lateral consolidation in the 0.0000001600-0.0000001900 range.
ApeCoin chart analysis
Yesterday’s price movement of ApeCoin was very bullish from 1,550 to 1,865 level. So we are back again in the previous resistance zone that was during the weekend. As of last night, we are in a mild bearish pullback to the 1,750 level, where we manage to gain support and hold above it. After that, we initiate a bullish consolidation and move up to the 1,800 level. If we continue, we will test yesterday’s high again and try to break above.
Potential higher targets are 1,900 and 1,950 levels. We would first have to break below the 1,750 support level for a bearish option. After that, we could start further bearish consolidation and the formation of a new low. Potential lower targets are 1,700 and 1,650 levels. The EMA50 moving average is in the zone around 1,700 levels.
Akita Inu chart analysis
Akita Inu’s price is in the three-day lateral consolidation in the 0.0000001600-0.0000001900 range. Today’s movement is around the middle of this range. We need to test the upper or lower line for a more specific trend. By falling below the 0.0000001600 level, we would also fall below the EMA50 moving average. This would be interpreted negatively, and the price could easily continue on the bearish side. Potential lower targets are the 0.0000001500 and 0.0000001400 levels.
We would have to move to the 0.0000001900 resistance level for a bullish option. Then, with the breakthrough above, we would start further recovery. Before that, we need to maintain ourselves up there in order to form the bottom above. We continue with bullish consolidation, and potential higher targets are 0.0000002000 and 0.0000002100.
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