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ApeCoin and Akita Inu: ApeCoin is on the road to recovery

ApeCoin and Akita Inu: ApeCoin is on the road to recovery

The price of ApeCoin manages to pull itself out of the bearish embrace slowly. Akita Inu’s price remains under pressure below the 0.00000008400 level.

ApeCoin chart analysis

The price of ApeCoin manages to pull itself out of the bearish embrace slowly. This morning, we saw the formation of a new higher low at the 1,150 level. From there, we started a bullish consolidation, climbing to 1,170 levels. Soon, we could climb up to the 1,180 level and form a new price high. Potential higher targets are 1,200 and 1,220 levels. In the zone around 1,220 levels, we encounter the EMA50 moving average as an additional resistance to the bullish option.

We need a negative consolidation and price pullback to 1,120 levels for a bearish option. Below, we would be very close to testing the previous low at the 1,100 level. A break below would form a new low and thus confirm the bearish scenario. Potential lower targets are 1,080 and 1,060 levels.

Akita Inu chart analysis

Akita Inu’s price remains under pressure below the 0.00000008400 level. We are now slowly sliding below the 0.00000008300 level and leaning towards the previous support zone around the 0.00000008100 level. A break below this zone would confirm that we will see a continuation of the pullback to the bearish side. Potential lower targets are 0.00000008000 and 0.00000007900 levels.

We need a positive consolidation and price breakout above the 0.00000008400 level for a bullish option. Thus, we would skip the EMA50 moving average and get its support to continue to the bullish side. Potential higher targets are the 0.00000008500 and 0.00000008600 levels.

The post ApeCoin and Akita Inu: ApeCoin is on the road to recovery appeared first on FinanceBrokerage.

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