ApeCoin and Akita Inu: ApeCoin climbs above the 2,100 level
The price of ApeCoin fell to the 2,043 level yesterday and thus formed the July lower low.
Yesterday we saw another pullback of the Akita Inu price at the 0.0000001200 level.
ApeCoin chart analysis
The price of ApeCoin fell to the 2,043 level yesterday and thus formed the July lower low. We stayed below for a short time, and the price started consolidating above the 2,050 level. In the last few hours, we see bullish impulses and a price jump above 2,100.
If this impulse continues, the price could move to the 2,150 level. Additional pressure in that zone is the EMA50 moving average. A breakout above ApeCoin could expect to continue with a bullish option. Potential higher targets are 2,200 and 2,250 levels.
We need a negative consolidation and a drop to the 2,050 support level for a bearish option. A break below would increase bearish pressure; a price drop would be the expected sequence of events. Potential lower targets are 2,000 and 1,950 levels.
Akita Inu chart analysis
Yesterday we saw another pullback of the Akita Inu price at the 0.0000001200 level. We get support again at the same level, consolidate there and start a bullish trend. The Akita Inu is now above the 0.0000001220 level, breaking above the EMA50 moving average. We now have its support, and we can expect to see a continued price recovery. Potential higher targets are 0.0000001240 and 0.0000001260 levels.
We need a negative consolidation and pullback below the EMA50 moving average for a bearish option. After that, we would again be in the support zone at the 0.0000001200 level. Increased pressure in that zone could further push the price down to lower support levels. Potential lower tares are 0.0000001180 and 0.0000001160 levels.
The post ApeCoin and Akita Inu: ApeCoin climbs above the 2,100 level appeared first on FinanceBrokerage.