ApeCoin and Akita Inu: ApeCoin rises to 1,350 this morning

ApeCoin chart analysis

The price of ApeCoin jumped to a new weekly high at the 1,350 level this morning. With that step, we skipped last week’s high and received confirmation that we expect the continuation of the bullish trend. After that, the price loses momentum and retreats to support at the 1,280 level. There we have double support in the weekly open price and the EMA200 moving average. We are now seeing the initiation of a new positive consolidation and recovery to the 1,300 level. 

We need one more move to 1,320 to break above the EMA50 moving average. Potential higher targets are 1,340 and 1,360 levels. We need a negative consolidation and pullback to 1,260 levels for a bearish option. Thus, we fall to a new weekly low and confirm the presence of bearish momentum. Potential lower targets are 1,240 and 1,220 levels.

Akita Inu chart analysis

On Saturday, Akita Inu’s price had a bullish impulse to the 0.00000003347 level. With that, we formed a new high, and the price lost its previous momentum and began to retreat. We stopped with the pullback on Monday morning at the 0.0000002238 level. There, we got the support of the EMA200 moving average, which did not allow us to continue on the bearish side. From there, a new positive consolidation was initiated, and we formed a weekly high last night at the 0.0000003256 level. 

After that, it moved back down to the 0.0000002600 level, and we got support from the EMA50 moving average. With the new support and the formation of a higher low, the Akita Inu price starts a new bullish consolidation up to the 0.0000003000 level. We expect the price to have enough strength to continue this consolidation. Potential higher targets are 0.0000003200 and 0.0000003400 levels.

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