ApeCoin and Akita Inu: Targets and Price Overview
- The new weekly high price of ApeCoin was formed yesterday at the 0.769 level
- Over the weekend, Akita Inu’s price struggled with resistance in the EMA 200 moving average
ApeCoin chart analysis
The new weekly high price of ApeCoin was formed yesterday at the 0.769 level. After that, the price goes on the defensive and begins bearish consolidation. This morning’s support at the 0.735 level did not hold, and we had to make a step below to the 0.720 level. A new weekly low was formed at that level. We saw a brief recovery to EMA 200 and 0.735, where we encounter new resistance. That could trigger another bearish consolidation below today’s low.
Potential lower targets are 0.710 and 0.700 levels. For a bullish option, we need a positive consolidation and a return above the 0.750 level. Then, ApeCoin should stay in that zone. If he succeeds in this, he will have the opportunity to start a bullish consolidation at higher levels. Potential higher targets are 0.760 and 0.770 levels.
Akita Inu chart analysis
Over the weekend, Akita Inu’s price struggled with resistance in the EMA 200 moving average. Finally, on Monday, we saw a break above the EMA 200 and a strengthening of the bullish momentum. This morning the price finds new support at the 0.00000008000 level. This prompted Akita Inu to make a brief bullish impulse to 0.00000009349, forming a new weekly high there. After that, the price pulled back to 0.00000008380 and is now trying to stay there.
If the pullback continues, we will have to retest this morning’s support at the 0.00000008000 level. Potential lower targets are 0.00000007800 and 0.00000007600 levels. For the bullish option, it is necessary for the Akita Inu to stabilize and turn to the bullish side again. Next, we will look at the initiation of a bullish consolidation. Potential higher targets are the 0.0000008600 and 0.00000008800 levels.
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