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ApeCoin Price Soars to 2,500: A Bullish Rally Analysis

ApeCoin Price Soars to 2,500: A Bullish Rally Analysis

Over the weekend, the price of ApeCoin managed to reach 2,500 levels. This morning, we saw the Akita Inu price jump to a new high for the year at the 0.0000005456 level.

ApeCoin chart analysis

Over the weekend, the price of ApeCoin managed to reach 2,500 levels. This was followed by a pullback to a new low on Sunday at the 2,025 level. After that, we quickly bounced back above 2,200 and were looking at a sideways consolidation above that support level. On Monday, the price breaks through the upper level of this consolidation and jumps to a new high at the 2,506 level.

After forming a new high, we stop there and initiate another pullback. The price this time went down to the 2,230 level, forming a daily low. For now, we are successfully holding above that level, moving up to 2,300. We need a stronger impulse to move us above 2,400, and then we can expect to see a continuation of the bullish trend. Potential higher targets are 2,450 and again 2,500 level.

Akita Inu chart analysis

This morning, we saw the Akita Inu price jump to a new high for the year at the 0.0000005456 level. The growth stopped there, and the price retreated to the 0.0000004000 support level. We remain above that level but stay close enough that we are still under bearish pressure. This could lead to a breakout below and the formation of a new daily low. This confirms that we have bearish momentum and that we expect the retreat to continue.

Potential lower targets are the 0.0000003500 and 0.0000003000 levels. We need a positive consolidation and price stabilization above the 0.0000004500 level for a bullish option. If we succeed in this, we will have the opportunity to start a further recovery of the Akita Inu price. Potential higher targets are the 0.0000005000 and 0.0000005500 levels.

The post ApeCoin Price Soars to 2,500: A Bullish Rally Analysis appeared first on FinanceBrokerage.

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