ApeCoin and Akita Inu: ApeCoin retreats from 1,145 level

ApeCoin chart analysis

ApeCoin price pulls back from 1,145 levels. Yesterday’s attempt to break above the 1,145 level was unsuccessful, and the price started a pullback. We got the first support at the 1,100 level, which was followed by a recovery to the 1,130 level. There, we formed a lower high and confirmed the increase in bearish pressure. That proved to be true, and ApeCoin slipped to the current 1,080.

Potential additional support at the current level is the EMA50 moving average. A break below would indicate a continuation of the pullback and the formation of a new low price. Potential lower targets are 1,070 and 1,060 levels.

We need a positive consolidation and a return above the 1,100 level for a bullish option first. We would then need to hold above that level if we plan to see further recovery. Potential higher targets are 1,110 and 1,120 levels.

Akita Inu chart analysis

Akita Inu’s price continues bullish consolidation above the 0.00000010050 level. This morning, we saw a jump in price to the 0.00000011050 level, but we stayed at that level for a short time as a pullback to the 0.00000010200 level followed.

We are currently consolidating around that level and hope to see a further continuation of the previous bullish consolidation. Potential higher targets are the 0.00000010600 and 0.00000010800 levels. We need a negative consolidation below the 0.00000010000 support level for a bearish option.

By breaking below, the price would be under greater pressure to continue with further retreat and formation of a new low. Potential lower targets are 0.00000009800 and 0.00000009600 levels. EMA50 moving average is in the zone around 0.00000009400 levels.

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