Economy 21-05-2024 08:48 8 Views

ApeCoin and Akita Inu: ApeCoin takes a step above 1,300

ApeCoin and Akita Inu cryptocurrencies

ApeCoin and Akita Inu: ApeCoin takes a step above 1,300

  • The price of ApeCoin made a good jump, climbing up to 1,320.
  • This morning, Akita Inu’s new weekly high was formed at the 0.0000002033 level. 

ApeCoin chart analysis

The price of ApeCoin made a good jump, climbing up to 1,320 levels. We first consolidated at the 1,190 level, after which a bullish consolidation was initiated and at the 1,230 level, we are crossing the EMA200 moving average. The new support made it easier for us, which was evident in the rest of the day. Now, the price is moving in the zone around 1,300 levels and will try to hold here. The pressure is on the daily open price to see if it will last.

If we see an impulse, it means that ApeCoin does not have enough strength, and a pullback to a new support level will follow. Potential lower targets are 1,280 and 1,260 levels. In the 1,250 zone, we meet the EMA50 moving average and it could provide us with support. Going back up to the 1,320 level, we are back on the bullish side. The new impulse pushes us to a new weekly low and thus confirms the bullish continuation. Potential higher targets are 1,330 and 1,340 levels.

ApeCoin chart analysis

 

Akita Inu chart analysis

This morning, Akita Inu’s new weekly high was formed at the 0.0000002033 level. After that, we look at a pullback to the 0.0000001900 support level. The pressure is now at this level, and if it does not last, we will see a continuation to the bearish side. Potential lower targets are the 0.0000001850 and 0.0000001800 levels.

In the 0.0000001800 zone, we meet the EMA200 moving average and hope for its support. The Akita Inu must stabilize above the 0.0000001900 level for a bullish option. If it succeeds, it can initiate a positive consolidation from there and continue the recovery to the bullish side. Potential higher targets are 0.0000001950 and 0.0000002000 levels.

Akita Inu chart analysis

 

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