Economy 03-07-2024 11:23 4 Views

ApeCoin and Akita Inu: ApeCoin is testing 0.900 level again

ApeCoin 2

ApeCoin and Akita Inu: ApeCoin is testing 0.900 level again

  • The price of ApeCoin dropped below the 0.900 level again this morning. 
  • Akita Inu’s price continues to pull back today, forming a weekly low at 0.0000001700.

ApeCoin chart analysis

The price of ApeCoin dropped below the 0.900 level again this morning. Yesterday’s attempt to initiate a bullish consolidation was stopped at the 0.940 level. With resistance at that level, we are forced into the pullback seen today. Additional pressure is created by the EMA50 moving average, and it is our resistance this week. Potential lower targets are 0.880 and 0.860 levels.

For a bullish option, the price of ApeCoin would have to stabilize before starting a positive consolidation. A jump to 0.940 takes us above the EMA50 moving average. With his support, it will be easier for us to continue our recovery. Potential higher targets are 0.960 and 0.980 levels. The price could have a new resistance in the 0.950 zone in the EMA200 moving average.

ApeCoin chart analysis

 

Akita Inu chart analysis

Akita Inu’s price continues to pull back today, forming a weekly low at 0.0000001700. The price started a bearish consolidation after a failed attempt on Monday to move above the EMA200 moving average. Yesterday, we got additional pressure on the price by falling below the EMA50 moving average. Now, there are good chances to break the weekend support zone and test last week’s low at 0.0000001667.

For a bullish option, we need a new positive consolidation and a slight recovery above the 0.0000001720 level. After that, we need to stabilize above that level. Then, we can expect a new bullish impulse and the initiation of further recovery to the bullish side. Potential higher targets are the 0.0000001740 and 0.0000001760 levels.

Akita Inu chart analysis

 

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