ApeCoin and Akita Inu: ApeCoin dropped to 0.570 on Monday
On Sunday evening, the price of ApeCoin retreated to the 0.571 level. Akita Inu’s price rose to 0.0000001362 level on Sunday.ApeCoin chart analysis
On Sunday evening, the price of ApeCoin retreated to the 0.571 level. After receiving new support, a bullish consolidation was initiated up to the 0620 level. We meet the EMA 200 moving average in that zone, which exerts additional pressure on the price. For now, we are staying below that level and moving in the 0.600-0.620 range. Mildly bullish indicators could generate momentum above and thus form a new weekly high.
Potential higher targets are the 0.630 and 0.640 levels. For a bearish option, ApeCoin should drop below the EMA 50 and 0.600 levels. With that step, the EMA 50 moves to the bearish side, and with the EMA 200, it increases the pressure on the price. We are left to see a further pullback and testing of lower support levels. Potential lower targets are the 0.590 and 0.580 levels.
Akita Inu chart analysis
Akita Inu’s price rose to 0.0000001362 level on Sunday. We stayed at that level for a short time because a pullback followed. By the end of the day, the price had dropped to the 0.0000001200 support level. On Monday morning, the price stabilizes there and initiates a bullish consolidation to the 0.00000001280 level. In this zone, we are testing the EMA 200 moving average, and for now, we are holding below it. Although we are below, there are chances we will break above to a new daily high.
This morning, we formed a higher low than yesterday, which is a sign that the price is in a slight bullish consolidation. With momentum above the Akita Inu, a more concrete recovery above the EMA 200 moving average could trigger. Potential higher targets are the 0.0000001300 and 0.0000001400 levels.
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