ApeCoin Price Analysis: Pullback to 1,800 Level
- ApeCoin’s price fell yesterday after pushing the 2,500 level.
- Yesterday’s bearish consolidation lowered the price of Akita Inu from 0.0000005456 to 0.0000003000, after which we managed to get support and start recovery.
ApeCoin chart analysis
ApeCoin’s price fell yesterday after pushing the 2,500 level. A new weekly low was formed at the 1,807 level. After that, we returned to the 2,000 level and initiated a bullish consolidation, crossing above the 2,150 level this morning. For now, we have an open in that zone, and we are taking a step back to the 2.10 level. Additional pressure is created by the EMA200, which is currently neutral and not helpful to us.
We are hoping for some impulse that would show us the future direction of ApeCoin. A break above 2,200 would return us to a bullish option. With a rise to 2,250, they would jump over the weekly open price and thus establish a bullish route. Potential higher targets are 2,300 and 2,350 levels. If we happen to slip below 2,100 and EMA200, we would be forced to visit the previous support zone at the 2,000 level. That level could be a crucial point for ApeCoin’s longer-term trend.
Akita Inu chart analysis
Yesterday’s bearish consolidation lowered the price of Akita Inu from 0.0000005456 to 0.0000003000, after which we managed to get support and start recovery. We had a small resistance at the 0.0000003625 level. Then, there was a breakout above and the formation of a new daily high at the 0.0000004000 level. The price is holding above the EMA50, and we expect to see a continuation to the bullish side with the formation of a new daily high.
Potential higher targets are the 0.0000004250 and 0.0000004500 levels. We need a drop below the 0.0000003625 level for a bearish option first. After that, we descend into the previous movement zone. The price is moving to the bearish side, and the support level is being tested. Potential lower targets are the 0.0000003250 and 0.0000003000 levels.
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