ApeCoin and Akita Inu: ApeCoin under pressure at 2,200

ApeCoin chart analysis

On Sunday, the price of ApeCoin rose to 2,454 levels. After forming a high at that level, we started a pullback to support at 2,200. With the EMA200, we managed to stay above that support until this morning, when we fell below the 2,175 level. We have not gone too low and expect to stabilize again above 2,200 and the EMA200 moving average.

With the return above, we could initiate another positive consolidation. Potential higher targets are 2,250 and 2,300 levels. If we fail to move above EMA200, we will still be under bearish pressure and forced to retreat to lower levels. Potential lower targets are 2,150 and 2,100 levels.

Akita Inu chart analysis

Over the weekend, the Akita Inu price only managed to climb to 0.0000004273 levels. Failure to continue further growth has seen the price slip to support at 0.0000003300. There, we come across the EMA200, which is additional support and keeps us above on the bullish side. That pushed the price to the 0.0000003800 level yesterday. We stop there and form this week’s high.

Akita Inu starts a new pullback from that level and falls again to the EMA200 and 0.0000003300 levels. A new visit to the support zone could indicate that Akita does not have the strength to initiate a continuation to the bullish side and that we will see a pullback. Potential lower targets are the 0.0000003200 and 0.0000003100 levels. If we manage to return and maintain above this support, we will have the opportunity to initiate a new positive consolidation and return to the previous bullish trend.

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