ApeCoin and Akita Inu: Akita Inu falls to a new lower low
- This week’s ApeCoin low was formed last night at the 0.684 level
- The Akita Inu price had a strong bearish impulse and fell from 0.0000001225 to 0.0000000800
ApeCoin chart analysis
This week’s ApeCoin low was formed last night at the 0.684 level. After the formation of a new low price, it stabilized and initiated a bullish consolidation up to the 0.720 level. This is where we make today’s high, and it is our resistance for now. This led to the initiation of a slight price decline to the 0.700 level. If the momentum continues, ApeCoin could return to this morning’s support zone.
Potential lower targets are 0.680 and 0.670. Additional support for the price could be found in the EMA 200 moving average around the 0.680 level. For a bullish option, the price of ApeCoin has to go back above 0.720 again. Then, we need to stabilize there to continue on the bullish side. We will have support of the EMA 50 moving average, and it will be easy for us to continue the recovery. Potential higher targets are 0.730 and 0.740 levels.
Akita Inu chart analysis
The Akita Inu price had a strong bearish impulse and fell from 0.0000001225 to 0.0000000800. Over the weekend, the price rebounded slightly to 0.0000000950, where it is encountering new resistance. From there, we moved again to the bearish side, and yesterday, we saw a breakout below Friday’s low. This morning, we had a new, strong, bearish impulse, which led to a drop to the 0.0000000680 level.
Potential lower targets are the 0.0000000650 and 0.0000000600 levels. For a bullish option, we need a new positive consolidation of the Akita Inu price. Before that, we have to stabilize above the 0.0000000700 level. If we succeed in this, the chances of speeding up the recovery increase. With the return above 0.0000000760, we move above the daily open price. This brings us back to the positive side, which will increase the bullish momentum. Potential higher targets are the 0.0000000800 and 0.0000000850 levels.
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