What can ApeCoin price be after forming a double bottom?
- ApeCoin price may soon initiate a bullish impulse after forming a double bottom.
- The Akita Inu price was in a bearish consolidation from the beginning of the week until yesterday when it gained support at the 0.0000001270 level.
ApeCoin chart analysis
ApeCoin price may soon initiate a bullish impulse after forming a double bottom. We see a break above the neckline at the 1,720 level and expect to start a further recovery. 1,760 could be a small obstacle for us, but we hope to overcome that obstacle and continue on the bullish side. Potential higher targets are 1,780 and 1,800 levels. This week’s high is far away at the 1,910 level for now.
The price should first pull back below the 1,720 level for a bearish option. With that, we would move towards 1,660 and the EMA200 moving average. By returning to this zone, the price of ApeCoin would be under pressure to break below and form a new low. Potential lower targets are 1,640 and 1,620 levels.
Akita Inu chart analysis
The Akita Inu price was in a bearish consolidation from the beginning of the week until yesterday when it gained support at the 0.0000001270 level. From that level, we started a bullish consolidation that continues today. The price is now at the 0.0000001330 level and we expect to see a continuation to the bullish side and further recovery. Potential higher targets are 0.0000001360 and 0.0000001380 levels.
In the zone around 0.0000001380, we come across the EMA200 moving average, which could determine the further trend of the Akita Inu. The Akita Inu would have to move back below the 0.0000001320 level for a bearish option. With that, we would fall below the daily open price, increasing the pressure for the continuation of the bearish side. Potential lower targets are 0.0000001300 and 0.0000001280.
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