ApeCoin and the Akita Inu: Akita Inu continues to retreat
- ApeCoin’s price is recovering today and is back above the EMA 200 moving average.
- The Akita Inu price found refuge this morning at the 0.0000001700 level.
ApeCoin chart analysis
ApeCoin’s price is recovering today and is back above the EMA 200 moving average. This could bring us a continuation on the bullish side and the formation of a new daily high. The EMA 50 moving average, a key indicator of stability, is providing crucial support, which, together with the EMA 200, is an excellent combination for further recovery. Potential higher targets are 0.830 and 0.840 levels. This week’s high is still far away at the 0.872 level.
On the other hand, a bearish option is also a possibility. This would require negative consolidation and a return to negative territory below the EMA 200 moving average. If this occurs, ApeCoin could face stronger bearish pressure, leading to a potential retreat. ApeCoin could find itself below 0.800, which would further strengthen the bearish momentum. Potential lower targets are 0.790 and 0.780 levels.
Akita Inu chart analysis
The Akita Inu price found refuge this morning at the 0.0000001700 level. After that, we saw a slight recovery to the 0.0000001730 level. That is not enough for the price to initiate a bullish consolidation. On the contrary, bearish consolidation has only been delayed until the next pullback below the EMA 200 moving average. From above, we have pressure from the EMA 50 moving average, directing the price to the bearish side.
Potential lower targets are 0.0000001680 and 0.0000001660 levels. For a bullish option, the price of Akita Inu would have to move to the 0.0000001800 level. After that, it gains support from the moving averages and has a chance to trigger a bullish consolidation. Potential higher targets are the 0.0000001820 and 0.0000001840 levels.
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