ApeCoin and Akita Inu: ApeCoin is holding above 1,920
The ApeCoin price is moving in a bullish consolidation after returning to the 1,834 level yesterday. After Friday’s failure to break back above the 0.0000001200 level, Akita Inu’s price started to pull back.ApeCoin chart analysis
The ApeCoin price is moving in a bullish consolidation after returning to the 1,834 level yesterday. The current price is around 1,920 levels in a mild bullish consolidation. The next step is towards the previous high at the 1,980 level. Next, we need a break above to 2,000 levels if we want to see a continuation of the ApeCoin price recovery. Potential higher targets are 2,050 and 2,100 levels.
We need a breakout from this growing consolidation and a drop to the 1.8500 level for a bearish option. Below, the price would be under a lot of pressure to continue the retreat and form a new lower low. Potential lower targets are 1,800 and 1,750 levels.
Akita Inu chart analysis
After Friday’s failure to break back above the 0.0000001200 level, Akita Inu’s price started to pull back. At the beginning of the week, we first fell below the 0.0000001180 level and soon below the 0.0000001160 level. This morning, the price tried to recover, but that attempt was stopped at the 0.0000001160 level. From that place, the Akita Inu price starts a bearish consolidation and falls to a two-week low at the 0.0000001125 level.
Now we could expect to stop the fall at this point and start a recovery in the Akita Inu price. We would return to the previous high with a positive consolidation and try to break above. For a bearish option, we need a negative consolidation. In the following, we would arm a new low, and the potential lower targets are 0.0000001120 and 0.0000001100 levels.
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