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ApeCoin and Akita Inu: ApeCoin still remains around 1,000

ApeCoin and Akita Inu: ApeCoin still remains around 1,000

The price of ApeCoin is still hovering around the 1,000 level. The Akita Inu price continues its bearish retreat, forming a new low this morning at the 0.00000008100 level.

ApeCoin chart analysis

The price of ApeCoin is still hovering around the 1,000 level. The price movement has been taking place in the 1,000-1,040 range for two days. We need a more concrete impulse to get us out of this neutral position. We need a positive consolidation and a jump above the 1,040 level for a bullish option. Then, we would have to hold above there in order to initiate a further recovery in the price of ApeCoin from that level. Potential higher targets are 1,060 and 1,080 levels.

Additional resistance in the zone around 1,080 levels is in the EMA50 moving average, and we need an additional bounce above for a more concrete bullish recovery. We need a negative consolidation and a drop below the 1,000 level for a bearish option. Potential lower targets are 0.980 and 0.960 levels.

Akita Inu chart analysis

The Akita Inu price continues its bearish retreat, forming a new low this morning at the 0.00000008100 level. We are currently still in that zone, which could lead to a continuation of the pullback and the formation of a new lower low. Potential lower targets are 0.0000000800 and 0.00000007900 levels.

We need a positive consolidation and a return to the 0.00000008300 level for a bullish option. There, we would return to the previous support zone and need a break above the 0.00000008400 level to get rid of the bearish pressure. An additional break in the zone around the 0.00000008400 level was the EMA50 moving average. Potential higher targets are the 0.00000008500 and 0.00000008600 levels.

The post ApeCoin and Akita Inu: ApeCoin still remains around 1,000 appeared first on FinanceBrokerage.

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