ApeCoin and Akita Inu: ApeCoin makes a new weekly high
- This morning, we saw the ApeCoin price jump to the 0.633 level, a new weekly high
- The Akita Inu price failed to hold above the EMA 200 moving average yesterday
ApeCoin chart analysis
This morning, we saw the ApeCoin price jump to the 0.633 level, a new weekly high. However, we didn’t have the strength to continue, and the price started to pull back to the 0.615 level. Possible support could be at the 0.610 level. If the price falls below that, it will have to test the daily open level at 0.605. Below that, we are moving to the downside, which will increase pressure on ApeCoin.
Potential lower targets are the 0.600 and 0.595 levels. The EMA 200 moving average provides additional support in the 0.595 zone. For a bullish option, we need positive consolidation and price stabilization above the 0.620 level. After that, we expect to see the initiation of bullish consolidation and a return to the previous bearish trend. Potential higher targets are the 0.625 and 0.630 levels.
Akita Inu chart analysis
The Akita Inu price failed to hold above the EMA 200 moving average yesterday. This influenced us to see a new pullback and fall below the weekly open price to the negative side. With the increased bearish momentum, the price could only follow the retreat to form a new low this morning at the 0.0000001118 level. After that, we saw an attempt to recover, but we came across resistance at 0.0000001150, the weekly open price.
The price is heading to the bearish side again and could revisit this morning’s low. Potential lower targets are the 0.0000001120 and 0.0000001100 levels. For a bullish option, we need a positive consolidation and a break above the weekly open price. Then, it is necessary to stabilize the Akita Inu above. If he succeeds in this, the next step is to initiate a bullish consolidation. Potential higher targets are the 0.0000001160 and 0.0000001180 levels.
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