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ApeCoin and Akita Inu: ApeCoin still calm around 1,200

ApeCoin and Akita Inu: ApeCoin still calm around 1,200

ApeCoin price found new support yesterday at the 1,120 level. The Akita Inu price fell to a new weekly low yesterday at 0.0000001800.

ApeCoin chart analysis

ApeCoin price found new support yesterday at the 1,120 level. With this, we formed a higher low compared to the previous one from the weekend. New support triggers bullish consolidation all the way to 1,220 levels. Today’s movement is in the 1,180-1,220 range, supported by the EMA50 moving average. There is noticeable resistance at 1,220; we need a stronger bullish impulse to break through that level. Potential higher targets are 1,240 and 1,260 levels.

We need a negative consolidation and a drop below the EMA50 and 1,180 levels for a bearish option. With that, we go to a new daily low and strengthen the bearish momentum to continue towards a new low. Potential lower targets are 1,160 and 1,140 levels, as well as yesterday’s low at 1,120.

Akita Inu chart analysis

The Akita Inu price fell to a new weekly low yesterday at 0.0000001800. We get new support at that level and recover slightly to the 0.0000001880 level. We are holding below the 0.0000001900 level and the EMA50 moving average for now. We need an impulse that would move us above and push us to the bullish side. Potential higher targets are 0.0000001950 and 0.0000002000 levels.

In the zone around the 0.0000002000 level, we come across the weekly open price, and by moving above it, we would return to the bullish side. We need a negative consolidation and pullback down to the 0.0000001800 support level for a bearish option. New pressure in that zone could easily push Akita Ina to a new weekly low. Potential lower targets are the 0.0000001750 and 0.0000001700 levels.

The post ApeCoin and Akita Inu: ApeCoin still calm around 1,200 appeared first on FinanceBrokerage.

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