ApeCoin and Akita Inu: ApeCoin pauses again at 0.800 level
This morning, the price of ApeCoin successfully consolidated at the 0.770 level.
The Akita Inu price has been in retreat since the beginning of this week.
ApeCoin chart analysis
This morning, the price of ApeCoin successfully consolidated at the 0.770 level. After that, we saw the start of a bullish consolidation and a jump to the 0.804 level. Here, we are testing the weekly resistance zone and need one impulse for a new higher high. If we succeed in this, the option for further progress to the bullish side will open. Potential higher targets are the 0.810 and 0.820 levels.
For a bearish option, we need a new negative consolidation of the ApeCoin price down to 0.780, which brings us below the EMA 200 moving average. After that, we can hope for an increase in bearish momentum and a descent to the weekly open price of 0.770. There is already a critical zone that could pull ApeCoin below and form a new weekly low. Potential lower targets are the 0.760 and 0.750 levels.
Akita Inu chart analysis
The Akita Inu price has been in retreat since the beginning of this week. Yesterday, we had one bullish impulse to the 0.0000001713 level but quickly returned to the support zone at 0.0000001590. We are testing the weekly open price there and staying above that line for now. The inability to move above the EMA 200 reduces the chances of a recovery. This reinforces the bearish momentum that could make an impulse below to a new weekly low.
Potential lower targets are the 0.0000001580 and 0.0000001560 levels. For a bullish option, Akita Inu would have to initiate a new positive consolidation up to the 0.0000001680 level. There, we will again test the EMA 200 moving average in the hope of getting its support. With the impulse above, we move to 0.0000001700, after which we need to stabilize. Potential higher targets are the 0.0000001720 and 0.0000001740 levels.
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