ApeCoin and Akita Inu: ApeCoin goes down to 1,100 level

• The price of ApeCoin fell to a new October low at the 1,090 level this morning.
• The Akita Inu price fell to 0.00000008400 yesterday, forming an October low.

ApeCoin chart analysis

The price of ApeCoin fell to a new October low at the 1,090 level this morning. So, we are back to last week’s support zone. We managed to stabilize at that level and initiate a bullish consolidation. I am now at the 1,126 level, and we are slowly recovering. It would be good if we climbed above the 1,140 level and managed to stay there. After that, we could expect to start a further recovery. Potential higher targets are 1,150 and 1,160 levels.

We need a negative consolidation and a new pullback to the 1,100 support level for a bearish option. A longer stay in that zone would indicate a possible breakout below and the formation of a new low. Potential lower targets are 1,080 and 1,070 levels.

Akita Inu chart analysis

The Akita Inu price fell to 0.00000008400 yesterday, forming an October low. After that, we see a positive consolidation and recovery to the 0.00000008650 level. Then, we make another small pullback to the EMA50 moving average at the 0.00000008520 level. If we get the support of the EMA50, we could start a continuation of the recovery on the bullish side. Potential higher targets are the 0.00000008700 and 0.00000008800 levels.

We need a negative consolidation and a new pullback to support a bearish option at the 0.00000008400 level. Increased pressure in that zone could lead to a breakout below and the formation of a new low. Potential lower targets are the 0.00000008350 and 0.00000008300 levels.

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