ApeCoin and Akita Inu: ApeCoin and support at 1,660 level

ApeCoin chart analysis

The price of ApeCoin fell to the 1,660 level this morning, forming a new lower low. This was followed by bullish consolidation and a return to the zone around 1,800 levels. There, we encounter new resistance and start a negative consolidation again, going down to 1,760 levels. If this kind of consolidation continues, there is a probability that we will visit the 1,660 level of support again. Potential lower targets are 1,650 and 1,600 levels.

For a bullish option, we need a positive consolidation and a return above the 1,800 level. After that, we could expect to launch a bullish option with the low momentum and continue with the recovery. Potential higher targets are 1,850 and 1,900 levels. Additional resistance at the 1,900 level is the EMA50 moving average.

Akita Inu chart analysis

Akita Inu’s price pulled back to the 0.00000009400 support level this morning. We managed to get support at that level and start a positive consolidation. This consolidation lasted until the 0.00000009600 level, where we encountered resistance and pullback to the 0.00000009500 level. We need a break above the resistance zone in order to start further recovery. Potential higher targets are 0.00000009800 and 0.0000001000 levels.

We need a negative consolidation and price pullback to support a bearish option at the 0.00000009400 level. A drop below is confirmation of a bearish trend, and the price would continue to slide freely. Potential lower targets are 0.000000009300 and 0.00000009200 levels.

The post ApeCoin and Akita Inu: ApeCoin and support at 1,660 level appeared first on FinanceBrokerage.