ApeCoin Struggling to Break Above 1,380: What to Expect
- The price of ApeCoin remains under pressure today, and we see a continuation of bearish consolidation.
- Akita Inu’s price is in a two-day bullish consolidation.
ApeCoin chart analysis
The price of ApeCoin remains under pressure today, and we see a continuation of bearish consolidation. Yesterday afternoon’s bullish attempt was stopped at the 1,380 level. From that level until now, the price is retreating to the 1,340 level. If this trend continues, we could test this week’s low at the 1,331 level. Depending on the momentum, the price could fall below with the formation of this week’s new low.
Potential lower targets are 1,320 and 1,310 levels. For a bullish option, the price needs to rise to 1,370 levels. This would break the previous bearish candlesticks formation, which would be positively evaluated and support ApeCoin for further recovery. Potential higher targets are 1,380 and 1,390 levels. In the zone around 1,390, we encountered the EMA200, which would make it difficult for us to move further to the bullish side.
Akita Inu chart analysis
Akita Inu’s price is in a two-day bullish consolidation. The price managed to break above the 0.0000001270 level yesterday, and today, we have good support at that level. This pushed us to the 0.0000001280 level, and we expect to see a continuation during the day. Potential higher targets are the 0.0000001290 and 0.0000001300 levels. In the zone around 0.0000001290, we encounter the EMA200; in it, we see a potential problem and an obstacle to further recovery.
The price would have to pull back below the 0.0000001250 level for a bearish option. This would break the previous bullish formation, increasing the bearish momentum on the chart. Akita Inu would be in a position to retest this week’s low at the 0.0000001240 level. Potential lower targets could be the 0.0000001230 and 0.0000001220 levels.
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