ApeCoin and Akita Inu: ApeCoin is holding above 1,200
ApeCoin price continues its bullish consolidation today, forming a new two-week high at the 1,298 level.
The price of Akita Inu was in a pullback to the 0.00000013000 level yesterday.
ApeCoin chart analysis
ApeCoin price continues its bullish consolidation today, forming a new two-week high at the 1,298 level. This was followed by a pullback to the 1,200 level. We are currently consolidating around that level and will try to get a foothold in that zone. If we fail to do so, we will see a breakout below and a continuation of the pullback to the bullish side. Potential lower targets are 1,180 and 1,160 levels.
We need a positive consolidation and a return above the 1,220 level for a bullish option. In this way, we would start the recovery, and we could expect to see a continuation. Potential higher targets are 1,240 and 1,260 levels. Depending on the momentum, the price of ApeCoin could go up to 1,300 levels.
Akita Inu chart analysis
The price of Akita Inu was in a pullback to the 0.00000013000 level yesterday. At that level, it gets support and initiates a bullish consolidation up to the 0.00000014500 level. The price encounters resistance there and makes a pullback to the 0.00000013200 level, and now we are again close to testing yesterday’s support level. A break below leads to the formation of a new low and confirmation of a bearish scenario. Potential lower targets are 0.00000012500 and 0.00000012000 levels.
For a bullish option, we need a new positive consolidation that would take us above the 0.00000014000 level. After that, we would be able to test the 0.00000014500 level again. A breakthrough would mean that the price has the strength to continue on the bullish side, and the potential higher targets are the 0.00000015000 and 0.00000015500 levels.
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