ApeCoin and Akita Inu: ApeCoin to new low at 1,131 level
The price of ApeCoin remains under pressure today below the 1,150 level.
The new weekly low price of Akita Inu was formed last night at the 0.0000001612 level.
ApeCoin chart analysis
The price of ApeCoin remains under pressure today below the 1,150 level. After last night’s drop to the 1,131 level, the price managed to recover only to 1,150. Here, we encounter new resistance and turn to the bearish side again. The pressure on the weekly low increases, which may lead to an impulse below it to a new lower low. Potential lower targets are 1,120 and 1,110 levels.
ApeCoin would have to move back above the 1,150 level for a bullish option. If he succeeds in this, we can expect to see the initiation of positive consolidation and recovery to the bullish side. Potential higher targets are 1,160 and 1,170 levels. The EMA200 moving average is up in the 1,200 zone.
Akita Inu chart analysis
The new weekly low price of Akita Inu was formed last night at the 0.0000001612 level. After that, this morning, we saw a bullish consolidation all the way to the 0.0000001700 level. We stay there briefly, initiating a new pullback to the 0.0000001640 level. We are back again on the bearish side and looking at the previous low. If this consolidation continues, we will have to test the weekly low.
Potential lower targets are 0.0000001600 and 0.0000001550 levels. The price would have to move back up to the 0.0000001700 level for a bullish option. Thus, we skip the EMA50 moving average and hope for its support. After that, we have the opportunity to start a bullish consolidation and start a further recovery on the bullish side. Potential higher targets are 0.0000001750 and 0.0000001800 levels.
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