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ApeCoin and Akita Inu: ApeCoin remains below 1,500
- The price of ApeCoin retreated below 1.7000 yesterday, descending to the 1.300 level.
- Akita Inu continues with the previous one-month bearish consolidation.
ApeCoin chart analysis
The price of ApeCoin retreated below 1.7000 yesterday, descending to the 1.300 level. We were down for a short time and quickly retreated to 1,500 levels. After that, we are moving in the 1,400-1,500 range. The current pressure is on the upper level of this range, and we need a breakthrough in order to get rid of the bearish pressure. Potential higher targets are 1,550 and 1,600 levels.
The EMA50 moving average is in the 1,650 zone and is slowly approaching us. We need to pull back to the previous support at 1,400 for a bearish option. New pressure could make a breakout below and thus form a new daily low. Potential lower targets are 1,350 and 1,300 levels. For now, we are closer to the bullish option.
Akita Inu chart analysis
Akita Inu continues with the previous one-month bearish consolidation. Confirmation of that is the drop yesterday to a new low at 0.0000001358 level. The price pulled back below the EMA50 yesterday, which increased bearish pressure and initiated a bearish impulse. After receiving support, the price recovered to the 0.0000001550 level. Today we fail to break above that level and move in the 0.0000001500-0.0000001550 range.
With the breakout above 0,0000001550, we will have an opportunity to initiate a price recovery for the Akita Inu. Potential higher targets are the 0.0000001600 and 0.0000001650 levels. EMA50 is in the zone around 0.0000001600 levels, and there, we can expect stronger resistance to a bullish continuation. We need a negative consolidation and a price drop to the 0.0000001450 level for a bearish option. That would trigger a further pullback and confirm the continued bearish side. Potential lower targets are the 0.0000001400 and 0.0000001350 levels.
The post ApeCoin and Akita Inu: ApeCoin remains below 1,500 appeared first on FinanceBrokerage.
