ApeCoin and Akita Inu: Akita Inu remains below the EMA50
Yesterday, we saw the price of ApeCoin drop to a new low at the 1,254 level.
On Friday, we saw the price of Akita Inu jump to 0.0000001890 levels.
ApeCoin chart analysis
Yesterday, we saw the price of ApeCoin drop to a new low at the 1,254 level. After support in that zone, the price starts a recovery up to 1,415 levels. There we meet a new resistance and start a pullback to the 1,340 level. We are currently forming a daily low there and remain under bearish pressure to continue towards yesterday’s low. Potential lower targets are 1,300 and 1,250 levels.
For a bullish option, we need to get back above the 1,400 level again and hold up there. If we succeed in that, we will continue to the 1,450 level and the EMA50 moving average. By breaking above the EMA50, we would get rid of the bearish pressure, and we could start a further recovery on the bullish side unhindered. Potential higher targets are 1,500 and 1,550 levels.
Akita Inu chart analysis
On Friday, we saw the price of Akita Inu jump to 0.0000001890 levels. After that, a bearish consolidation was initiated that lasted until Monday morning to the 0.0000001450 support level. The price manages to stop the fall at that level and start a recovery to the 0.0000001575 level. Additional pressure in that zone creates the EMA50 moving average. This had a negative impact; and the Akita Inu retreated to the 0.0000001500 support level.
Potential lower targets are the 0.0000001450 and 0.0000001400 levels. We need a positive consolidation and a price jump to the 0.0000001600 level for a bullish option. This would allow us to skip the EMA50 and eliminate the bearish pressure. The price would be in a better position from which it could start a further recovery. Potential higher targets are the 0.0000001650 and 0.0000001700 levels.
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