ApeCoin and Akita Inu: ApeCoin continues its bullish trend
ApeCoin price just climbed to a new weekly high at 0.855.
On Wednesday, the Akita Inu price retreated to the 0.0000001615 level.
ApeCoin chart analysis
ApeCoin price just climbed to a new weekly high at 0.855. After this morning’s support at the 0.814 level, the price started the current bullish consolidation that took us to a new high. There is a good chance that we will see a continuation above and an extension of the bullish scenario. Potential higher targets are 0.860 and 0.870 levels. The high price of ApeCoin in July was at the 0.999 level.
For a bearish option, we need a negative consolidation and a new pullback to the 0.810 level. The price will test this morning’s daily open price level and the EMA 50 moving average. If the pressure on ApeCoin increases, it could easily slip below and extend to the bearish side. Potential lower targets are 0.800 and 0.790 levels. Additional support for the price could be found in the EMA 200 moving average at 0.780.
Akita Inu chart analysis
On Wednesday, the Akita Inu price retreated to the 0.0000001615 level. After that, the price is in bullish consolidation and growth to 0.0000001700. On the upside, the price has resistance at the EMA 50 moving average, and we need momentum to move above it. In this way, we would initiate a new bullish consolidation. The Akita Inu price would have a chance to return to the bullish side and visit higher levels.
Potential higher targets are 0.0000001750 and 0.0000001800 levels. For a bearish option, we need a negative consolidation and a new price pullback to the 0.0000001615 level. This would test the previous low and be close to the weekly open price. Additional support in that zone is the EMA 200 moving average. If we see an impulse below, it means that the Akita Inu is under a lot of pressure and will have to retreat to lower levels. Potential lower targets are 0.0000001600 and 0.0000001550 levels.
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