ApeCoin and Akita Inu: Akita Inu could above 0.0000001550
This morning, the price of ApeCoin rose to 0.748.
The Akita Inu price rose to 0.0000001548 on Tuesday, setting a new weekly high.
ApeCoin chart analysis
This morning, the price of ApeCoin rose to 0.748. At that level, we confirmed this week’s high. Again, we have resistance there and turn to the bearish side. Now, the price is at 0.733, and looking for support in the EMA 50 moving average. From there, it would have the opportunity to initiate a new bullish consolidation with the aim of forming a new weekly high.
Potential higher targets are 0.760 and 0.780 levels. In the 0.780 zone, we encounter the EMA 200 moving average; there, we can expect the next major resistance to further recovery on the bullish side. We need a negative consolidation and pullback down to the 0.700 level for a bearish option. ApeCoin will test the weekly open price at that level. If it cannot be held above, a pullback to a new lower low will follow. Potential lower targets are 0.680 and 0.660 levels.
Akita Inu chart analysis
The Akita Inu price rose to 0.0000001548 on Tuesday, setting a new weekly high. Since the beginning of this week, we have been in bullish consolidation from the 0.0000001360 level. We have good support at the EMA 50 moving average, while on the upside, the resistance is at the EMA 200 moving average. The current consolidation tells us that we could see a break above to a new weekly high.
Potential higher targets are the 0.0000001550 and 0.0000001600 levels. For a bearish option, a drop in the Akita Inu price below the EMA 50 moving average is required. That would break the previous bullish formation. After that, we will be under more bearish pressure and expect to see further pullback. Potential lower targets are the 0.0000001450 and 0.0000001400 levels.
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