ApeCoin and Akita Inu: New Daily Targets and Prices
- Yesterday’s bearish consolidation pushed the price of ApeCoin to a new weekly low at the 0.703 level
- The price of Akita Inu lost some previous bullish momentum yesterday, retreating to the 0.00000007800 support level
ApeCoin chart analysis
Yesterday’s bearish consolidation pushed the price of ApeCoin to a new weekly low at the 0.703 level. Soon after that, the price gets that support and starts to recover. A bullish consolidation to 0.740 and above the EMA 200 moving average was initiated this morning. At that level, we encounter a new resistance and retreat to 0.730. In this zone, we will try to start a bullish consolidation again to get back above the EMA 200 moving average.
If ApeCoin succeeds, it will rise to a new daily high to confirm the bullish swing. Potential higher targets are 0.745 and 0.7500 levels. For a bearish option, we need a negative consolidation and a drop below 0.720. With that step, we will move away from today’s high and thus increase the bearish pressure on ApeCoin. After that, a further pullback to a new low should follow. Potential lower targets are 0.715 and 0.710 levels.
Akita Inu chart analysis
The price of Akita Inu lost some previous bullish momentum yesterday, retreating to the 0.00000007800 support level. In continuation, we look at the sideways movement in the 0.00000007800-0.00000008200 range. Since this morning, we have been in a mild bearish consolidation and are putting pressure on the lower level of the range and the EMA 200 moving average. If the support does not hold, we will see a break below and a drop to a new daily low.
Potential lower targets are the 0.00000007600 and 0.00000007400 levels. For a bullish option, we need to hold above the EMA200 moving average. Once we do that, we will be able to initiate a bullish consolidation above the 0.00000008000 level. After that, we expect the Akita Inu to continue further recovery and move above the 0.00000008200 daily open level. Potential higher targets are the 0.00000008400 and 0.0000008600 levels.
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