- ApeCoin price fell below the 1.7000 level yesterday, falling to the 1.300 level.
- Akita Inu continues the previous 1-month bearish consolidation.
ApeCoin chart analysis
ApeCoin price fell below the 1.7000 level yesterday, falling to the 1.300 level. We fell for a short while and soon fell back to 1500 levels. After that, we move in the 1400-1500 range. The current pressure is at the upper level of this range, and we need a breakout to get rid of the downward pressure. Possible higher targets are 1550 and 1600 levels.
The EMA50 is located in the 1650 area and is slowly approaching us. We need to pull back to previous support at 1400 to get a bearish option. New pressure could lead to a break below there and thus form a new daily low. Possible lower targets are 1350 and 1300 levels. Right now, we are closer to a bullish option.
Akita Inu chart analysis
Akita Inu continues the previous 1-month bearish consolidation. Confirmation of this is the price falling yesterday to a new low at 0.0000001358. The price fell below the 50 SMA yesterday, increasing downward pressure and starting a bearish wave. After receiving support, the price recovered to the 0.0000001550 level. Today we failed to break this level and move in the range 0.0000001500-0.0000001550.
With a break above 0.0000001550, we will have a chance to start the Akita Inu price recovery. Possible higher targets are the 0.0000001600 and 0.0000001650 levels. EMA50 is located in the area around 0.0000001600 levels, and there we can expect stronger resistance for upward continuation. We need a negative reinforcement and a price drop to the 0.0000001450 level to get a bearish option. This would lead to further decline and confirm the continuation of the downside. Possible lower targets are levels 0.0000001400 and 0.0000001350.
