ApeCoin and Akita Inu: ApeCoin crosses the 2,000 barrier
- After a long time, the price of ApeCoin climbed above 2,000 levels.
- During the weekend, Akita Inu’s price managed to stabilize above the 0.0000001350 level.
ApeCoin chart analysis
After a long time, the price of ApeCoin climbed above 2,000 levels. Yesterday, we formed a new annual high at the 2,152 level. We then see a pullback to support at the 1,920 level. We remain above that level for now, but we are still under bearish pressure. This could lead to a drop to a new low and extend the two-day bearish trend. Potential lower targets are 1,900 and 1,850 levels.
If we get support at the 1,920 level, ApeCoin will have a chance to start a new bullish consolidation. A return above 2,000 would be the first step towards that process. Potential higher targets are 2,050 and 2,100 levels. Depending on the bullish impulse, we cannot exclude the formation of a new higher high.
Akita Inu chart analysis
During the weekend, Akita Inu’s price managed to stabilize above the 0.0000001350 level. Additional support is found in the EMA200 moving average. This initiates a new bullish impulse and growth above the 0.0000001400 level. After that, we watched yesterday as the price struggled to stay above the 0.0000001400 level. It succeeds in this, and early this morning, we saw a jump at the 0.0000001511 level.
We encounter resistance there and pull back to the 0.0000001460 level. We expect to stabilize soon and initiate another bullish consolidation with the aim of forming a new high. Potential higher targets are the 0.0000001520 and 0.0000001540 levels. We need a pullback to the 0.0000001390-0.0000001400 support zone for a bearish option. That’s where we would be close to testing the EMA200 moving average, and that’s where we expect the pullback to stop.
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