ApeCoin and Akita Inu: ApeCoin returns to weekly open price
- On Wednesday, ApeCoin retreated again to the weekly open price
- Akita Inu price tried to start a bullish trend yesterday
ApeCoin chart analysis
On Wednesday, ApeCoin retreated again to the weekly open price. We managed to hold above and recover to the 0.585 level. Today’s movement is in the 0.583-0.593 range. The price is also under pressure to increase the bearish momentum. This would lead to a new testing of support at the weekly open price. This time, ApeCoin could break below and form a new weekly low.
Potential lower targets are the 0.570 and 0.565 levels. For a bullish option, we need a positive consolidation and a move above the 0.600 level. With that move, we move above the EMA 50 moving average and get its support. After that, ApeCoin could start a more concrete recovery. Potential higher targets are the 0.605 and 0.610 levels.
Akita Inu chart analysis
Akita Inu price tried to start a bullish trend yesterday. With two impulses, we saw a price rally up to the 0.0000001360 level. We briefly held higher as a quick pullback below the 0.0000001280 level followed. This morning, the Akita Inu was holding above 0.0000001260 and around the EMA 200 moving average. After that, new price pressure pushes it below the 0.0000001225 level. We are close to seeing a test of yesterday’s low.
Potential lower targets are the 0.0000001220 and 0.0000001200 levels. Akita Inu’s fall will test the weekly open price. That could add to the bearish momentum and send the price to a new weekly low. For a bullish option, we need a positive consolidation and a move back above the 0.0000001280 level. This brings us back above the EMA 200 moving average, and we will try to stay there. If we succeed, the price will have an opportunity for a new recovery.
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