ApeCoin and Akita Inu: ApeCoin in bullish consolidation
This morning, the price of ApeCoin climbed to the 0.600 level, forming a new two-day high. Today’s Akita Inu price movement takes place in the 0.0000001170-0.0000001240 range.ApeCoin chart analysis
This morning, the price of ApeCoin climbed to the 0.600 level, forming a new two-day high. Yesterday, we received support in the EMA 50 moving average at the 0.570 level, after which it was easier for us to continue on the bullish side. With another step to the 0.610 level, we climbed above the weekly open price and erased the loss from Monday. After that, the price could continue to recover and reach higher levels.
Potential higher targets are 0.620 and 0.640 levels. A new resistance awaits us in the zone of 0.640 levels in the EMA 200 moving average. For a bearish option, we need a negative consolidation and a pullback below the EMA 50 moving average. This is our first sign that ApeCoin does not have the strength to continue on the bullish side and that a pullback will follow. Potential lower targets are 0.540 and 0.520 levels.
Akita Inu chart analysis
Today’s Akita Inu price movement takes place in the 0.0000001170-0.0000001240 range. The EMA 50 moving average supports us, which points us to the bullish side. On the upside, we have resistance in the zone around 0.0000001250 and need an impulse to move us above. With that, we would form a new weekly low and confirm that we are on a bullish path.
Potential higher targets are 0.0000001300 and 0.0000001350 levels. For a bearish option, we need a negative consolidation and pullback below the 0.0000001150 level. This brings us back below the weekly open price and increases the pressure on Akita Ina to start a further pullback. After that, we can expect to see a strengthening of the bearish trend and a drop in the price to a new low. Potential lower targets are 0.0000001100 and 0.0000001050 levels.
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