ApeCoin and the Akita Inu: The Akita slides lower and lower
The price of ApeCoin jumped to 1,155 levels this morning, forming this week’s high.
This week, we see a lower movement in the Akita Inu price compared to the previous week.
ApeCoin chart analysis
The price of ApeCoin jumped to 1,155 levels this morning, forming this week’s high. After that, we see a bearish consolidation and a pullback to the 1,120 level. We are currently finding support at that level and could expect to see a possible recovery. We need a new positive consolidation to trigger a new bullish option.
It would also be important to return above the EMA50 moving average in order to gain its support. Potential higher targets are 1,130 and 1,140 levels. We need a negative consolidation and pullback below the 1,115 support level for a bearish option. A break below would increase bearish pressure, and we would see a continuation of the decline to lower support levels. Potential lower targets are 1,110 and 1,100 levels.
Akita Inu chart analysis
This week, we see a lower movement in the Akita Inu price compared to the previous week. The price broke below the 0.00000008200 level yesterday, and we fell to a new low at the 0.00000007996 level. We spent a good part of yesterday in that support zone, after which we saw a recovery attempt that was stopped at the 0.00000008295 level. We are now on our way back to the previous low and will be testing it soon. Potential lower targets are 0.00000007900 and 0.00000007800 levels.
We need a positive consolidation and a move to the 0.00000008300 level for a bullish option. Additional pressure in that zone is in the EMA50 moving average. A break above would mean that the price has the strength for further recovery. Potential higher targets are the 0.00000008400 and 0.00000008500 levels.
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