ApeCoin and Akita Inu: ApeCoin remains on the bullish side
The price of ApeCoin somehow manages to hold above the EMA200 moving average.
Another attempt by the Akita Inu to trigger a recovery above the EMA200 moving average failed yesterday.
ApeCoin chart analysis
The price of ApeCoin somehow manages to hold above the EMA200 moving average. Yesterday, the price successfully tested that support and climbed up to 1,440 levels. After that, we encounter resistance there and pull back to the 1,400 level. Now, we have the opportunity to test the moving average again in search of its support. The new support leads to a positive consolidation and a price turn to the bullish side. Potential higher targets are 1,420 and 1,430 levels.
We need a negative consolidation and price pullback below the EMA200 to 1,380 levels for a bearish option. This is where we would test the support from Sunday. A break below leads to the formation of this week’s new low and thus confirms the bearish presence on the chart. Potential lower targets are 1,360 and 1,340 levels.
Akita Inu chart analysis
Another attempt by the Akita Inu to trigger a recovery above the EMA200 moving average failed yesterday. We saw a push to the 0.0000001400 level, but a new pullback below the EMA200 to the 0.0000001340 level soon followed. The price managed to stay above the support level for some time, so today, we are looking at a continuation on the bearish side and forming this week’s low at the 0.0000001300 level. If this trend continues, the price of Akita Inu could be forced to retreat to lower levels.
Potential lower targets are the 0.0000001280 and 0.0000001260 levels. We need to get back above the 0.0000001340 level for a bullish option. Then, we would have to hold there to continue to the EMA200 and 0.0000001370 levels. Potential higher targets are 0.0000001380 and 0.0000001400 levels.
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