ApeCoin and Akita Inu: ApeCoin goes down to 1,050 level
- Yesterday, we witnessed a new drop in the price of ApeCoin, which settled at the 1,050 level.
- Last night, the Akita Inu price retreated to the 0.0000002001 level, forming a new weekly low there.
ApeCoin chart analysis
Yesterday, we witnessed a new drop in the price of ApeCoin, which settled at the 1,050 level. This morning, we retested the support zone and are currently maintaining a position above it. If a mild bullish consolidation occurs, we could see the price rise above the 1,100 level. This is a crucial point as we encounter the EMA50 moving average, a key technical indicator. We expect to move above this average and gain its support, which would trigger a stronger bullish momentum and continue the bullish consolidation.
While potential higher targets are at the 1,150 and 1,200 levels, it’s important to consider the potential risks. A negative consolidation and a pullback to the 1,050 support level could trigger a bearish option. This could lead to new pressure, potentially resulting in an impulse below and a lower low formation. It’s crucial to be aware of these potential niche targets at the 1,000 and 0,950 levels.
Akita Inu chart analysis
Last night, the Akita Inu price retreated to the 0.0000002001 level, forming a new weekly low there. After that, we see a slight recovery to the 0.0000002080 level. For now, we are in a bullish consolidation and could see a continuation above the 0.0000002100 level. That would be great momentum, and the price would have a chance to move above the EMA50 moving average and the 0.0000002150 level.
Potential higher targets are 0.0000002200 and 0.0000002300 levels. We need a negative consolidation and pullback again to the 0.0000002000 support level for a bearish option. An increase in pressure in that zone could create an impulse below to a new low. Potential lower targets are 0.0000001900 and 0.000001800 levels.
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