ApeCoin at Support, Akita Inu Eyes Bullish Break
ApeCoin’s price movement today mostly took place around the 1,600 level.
Yesterday’s attempt to recover the Akita Inu price was stopped at 0.0000001900.
ApeCoin chart analysis
ApeCoin’s price movement today mostly took place around the 1,600 level. Today’s low is at the 1,560 level, where we managed to gain support. We now need a consolidation above the 1,600 level to initiate a bullish recovery from there. The next higher open is in the zone around 1,660 levels because there we encounter the EMA50 moving average, which could complicate the further movement of ApeCoin.
Moving above it would eliminate the bearish pressure, and the potential higher targets are 1,680 and 1,700 levels. We need to go down to the previous low for a bearish option. After that, a price breakout below is the next step to continue to the bearish side. The formation of a new low is a confirmation of bearish momentum. Potential lower targets are 1,520 and 1,500 levels.
Akita Inu chart analysis
Yesterday’s attempt to recover the Akita Inu price was stopped at 0.0000001900. From there, the price starts with a bearish consolidation, and we are back in the support zone around the 0.0000001600 level. In the previous three days, we have additional support in that zone in the EMA50 moving average. Today’s pressure could lead to a drop below and the formation of a new weekly low. Potential lower targets are the 0.0000001500 and 0.0000001400 levels.
For a bullish option, we need a positive from this position. Returning to the resistance zone around 0.0000001900, we would be on the threshold of making the next bullish move. A breakout above would be a confirmation of that option for us. Potential higher targets are the 0.0000002000 and 0.0000002100 levels. A move above the 0.0000002000 level would put the Akita Inu price in an excellent position for a longer-term recovery.