Investment Tips 24-05-2023 12:34 21 Views

ApeCoin and Akita Inu: ApeCoin remains stable around 3,500

ApeCoin

ApeCoin and Akita Inu: ApeCoin remains stable around 3,500

  • ApeCoin continues its bullish trend even after this morning’s price pullback.
  • Akita continues to pull back and break below the previous low.

ApeCoin chart analysis

ApeCoin continues its bullish trend even after this morning’s price pullback. The price drop was up to 3,440 levels. Additional support at that level is in the EMA50 moving average. We quickly bounced back to the 3,500 level and are now consolidating around the 3,475 level.

The increased bearish pressure is noticeable in the 3,500-3,530 zone, which does not allow a breakthrough above and continuation to higher levels. Potential higher targets are 3,540 and 3,560 levels. For a bearish option, we need a negative consolidation and a new test of support at the 3,440 level. A drop below would mean a possible further pullback to some lower support. Potential lower targets are 3,400 and 3,380 levels.

ApeCoin chart analysis

Akita Inu chart analysis

Akita continues to pull back and break below the previous low. We expected that the price could stay above the 0.0000001170 level, but a breakout below occurred. Today’s low is 0.0000001135, and expectations are that we could go even lower. Now we have fallen to the values from the beginning of the year, the first part of January.

For a bullish option, we need a new positive consolidation and for the beginning stabilization above the 0.0000001160 level. After that, we need to stay above and, with a new impulse, start the recovery of the price. Potential higher targets are 0.0000001180 and 0.0000001200 levels.

Akita Inu Chart analysis

 

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