ApeCoin Price Analysis: Pullback After Climbing to 2,693
- ApeCoin price is pulling back after climbing to 2,693 levels yesterday.
- The Akita Inu price fell to the 0.0000003200 support level yesterday and formed a new weekly low there.
ApeCoin chart analysis
ApeCoin price is pulling back after climbing to 2,693 levels yesterday. Today, we are looking at a continuation of the negative consolidation up to the 2,310 level. For now, we are holding above but encountering resistance at the 2,370 level. Additional pressure is created by the EMA50 moving average, which directs us to the bearish side. We could easily drop down to the 2,280 level and test higher support in the EMA200 moving average.
If we fail to hold above these support levels, potential lower targets are 2,250 and 2,200 levels. For a bullish option, we need growth above EMA50 and 2,400 levels. This would break through the previous bearish formation and strengthen optimism for the continuation of the bullish side. Potential higher targets are 2,450 and 2,500 levels.
Akita Inu chart analysis
The Akita Inu price fell to the 0.0000003200 support level yesterday and formed a new weekly low there. After that, we managed to hold above and initiate a bullish consolidation. We are back above the EMA200 and the 0.00000003400 level. This caused us to jump to the 0.0000003650 level with another impulse and form a new daily high there. We stopped there, and now we are consolidating around the 0.0000003500 level.
We are also testing the weekly open price in this zone, and with a return above, we will be in a better position for further recovery. Potential higher targets are the 0.0000003550 and 0.0000003600 levels. For a bearish option, we need a pullback of the Akita Inu price to EMA200 and the 0.0000003350 level. Going below, we are back under stronger bearish pressure and expect to see further pullback. Potential lower targets are the 0.0000003300 and 0.0000003250 levels.
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