ApeCoin and Akita Inu: Akita Inu is increasingly stable
- The price of ApeCoin pulled back to the 0.566 level this morning and thus visited this week’s support zone
- This week, the Akita Inu price has successfully maintained above the weekly open price
ApeCoin chart analysis
The price of ApeCoin pulled back to the 0.566 level this morning and thus visited this week’s support zone. We can say that we successfully retested the support zone, which resulted in a return to the 0.600 level. The price is again above the daily open price and has the current support of the EMA 50 moving average. If we manage to stay above, we can hope for a further continuation on the bullish side and a visit to higher levels.
Potential higher targets are 0.610 and 0.620 levels. In the 0.620 zone, we expect to test the EMA 200 moving average. For a bearish option, the price of ApeCoin would have to first pull back below the daily open price. With that step, we will increase the bearish momentum down to the 0.580 support level. If it happens to slip below, it would indicate that the price could return to the weekly support zone. Potential lower targets are 0.570 and 0.560 levels.
Akita Inu chart analysis
This week, the Akita Inu price has successfully maintained above the weekly open price. We tested that level three times, and each time, we started recovering from that zone. The price is now at 0.00000005816 and has the support of the EMA 50 moving average. If this consolidation continues, we can expect the Akita Inu to visit higher levels on the chart. Potential higher targets are the 0.00000006000 and 0.0000006200 levels.
For a bearish option, we need a negative consolidation and a new test of the weekly open price. This time, we hope for a break below and the price of the Akita Inu to fall to a new weekly low. The first important target is last week’s low at the 0.00000005382 level. If we fail to hold above, a new monthly low will be formed. Potential lower targets are the 0.00000005200 and 0.00000005000 levels.
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