ApeCoin and Akita Inu: ApeCoin only recovered to 1,240

ApeCoin chart analysis

ApeCoin price struggled yesterday with support at the 1,190 level. After last night’s retest, a bullish consolidation up to 1,240 levels was initiated. Here, we meet the EMA200 moving average, which for now represents an obstacle and does not allow us to move above. Price pulls back again, taking a step down to the 1,225 level. We are again turned to the bearish side and expect a visit to yesterday’s support.

Potential lower targets are 1,180 and 1,170 levels. We need a positive consolidation and a move above the EMA200 and 1,240 levels for a bullish option. This gives us the support of the moving average and we expect to see a continuation to the bullish side. Potential higher targets are 1,250 and 1,260 levels.

Akita Inu chart analysis

The Akita Inu price revisited the support zone this morning at the 0.0000001730 level. After that we see the initiation of bullish consolidation to a new daily high at the 0.0000001810 level. Here, we test the weekly open price and the EMA200 moving average. For now, we encounter resistance in that zone and pull back to 0.0000001785 and the EMA50 moving average. If support fails, we continue searching for new support at lower levels.

Potential lower targets are 0.0000001760 and 0.0000001740 levels. We need an impulse above the EMA200 and the weekly open price for a bullish option. Then we need to stay up there. If we succeed, we will have a new opportunity for positive consolidation and continuation on the bullish side. Potential higher targets are the 0.0000001840 and 0.0000001860 levels.

The post ApeCoin and Akita Inu: ApeCoin only recovered to 1,240 appeared first on FinanceBrokerage.