ApeCoin and Akita Inu: ApeCoin pulls back to EMA 200
- On Tuesday, the price of ApeCoin rose to 0.893, a new weekly high
- The Akita Inu price managed to stay positive above the EMA 200 moving average
ApeCoin chart analysis
On Tuesday, the price of ApeCoin rose to 0.893, a new weekly high. After that, the bullish momentum stopped, and the bearish consolidation began below the 0.800 level. The price dropped below the EMA 50 moving average and continued all the way to 0.750. Here, we will try to test the weekly open price to stay on the positive side. A little below around 0.745, we also have the support of the EMA 200 moving average.
If the support is insufficient, we will see further withdrawal of ApeCoin. Potential lower targets are the 0.720 and 0.700 levels. For a bullish option, we need a positive consolidation and price movement above the 0.780 level. There, we get new support at the EMA 50 moving average. After that, the chances of a further continuation to the bullish side increase. Potential higher targets are the 0.800 and 0.820 levels.
Akita Inu chart analysis
The Akita Inu price managed to stay positive above the EMA 200 moving average. During the weekend, the price received support at the 0.0000007000 level and then started a continuation to the bullish side. On Monday, we climbed to 0.00000009000 and formed a weekly high there. Then, the price stopped in that zone and began to retreat. This sent us down to 0.00000007700 and the EMA200 moving average this morning.
Akita Inu finds new support and moves back up above the 0.00000008250 level. In this zone, we meet the EMA 50 moving average, which is currently our upper-side resistance. We need a new impulse to continue on the bullish side. Potential higher targets are the 0.00000008500 and 0.00000009000 levels. The price must return below the EMA200 and thereby confirm that it is under pressure to return on the bearish side. Potential lower targets are the 0.00000007500 and 0.00000007000 levels.
The post ApeCoin and Akita Inu: ApeCoin pulls back to EMA 200 appeared first on FinanceBrokerage.
