Economy 29-05-2024 09:40 7 Views

ApeCoin and Akita Inu: ApeCoin goes up to 1,340 today

ApeCoin chart analysis

ApeCoin and Akita Inu: ApeCoin goes up to 1,340 today

  • The price of ApeCoin navigated within the crucial zone of 1,300 levels yesterday, a range that holds significant implications for our analysis.
  • The Akita Inu price has been in a sideways consolidation in the previous 24 hours in the 0.0000002800-0.0000003200 range. 

ApeCoin chart analysisApeCoin chart analysis

The price of ApeCoin navigated within the crucial zone of 1,300 levels yesterday, a range that holds significant implications for our analysis. On a couple of occasions, we observed a dip to 1,290, where we found support in the EMA200 moving average, a key indicator for our traders and investors. On the upside, we encountered resistance in the 1,320 zone, another important level to watch. Today’s chart reveals a break above yesterday’s high, forming a new one at the 1,343 level. However, we currently remain below that level, taking a step down to 1,329.

It is possible that we will see a pullback to 1,314, where we will test the daily open price and the EMA50 moving average. If we stay above those levels and receive their support, we expect the start of a new positive consolidation. Potential higher targets are 1,340 and 1,350 levels.

 

Akita Inu chart analysis

The Akita Inu price has been in a sideways consolidation in the previous 24 hours in the 0.0000002800-0.0000003200 range. From below we have the support of the EMA50 moving average and hope for a continuation to the bullish side. He needs to revisit the upper level of this channel. The new pressure should send us to a new high and thus confirm the bullish momentum. Potential higher targets are 0.0000003300 and 0.0000003400 levels.

For a bearish option, a scenario where the market is expected to decline, we need a negative consolidation and pullback to support at 0.0000002800. Going below, we break this week’s bullish formation and cross the EMA50 moving average. With that step, we get confirmation of the growth of bearish pressure on Akita Inu, and a further pullback follows. Potential lower targets are the 0.0000002700 and 0.0000002600 levels.

Akita Inu chart analysis

 

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