ApeCoin and Akita Inu: ApeCoin rises to a three-week high
- The price of ApeCoin just climbed to a new weekly high at the 0.649 level
- The Akita Inu price is in a bullish trend for the second day in a row
ApeCoin chart analysis
The price of ApeCoin just climbed to a new weekly high at the 0.649 level. There has been a slight pullback to 0.644 in line with the current bullish trend. Yesterday, the price received new support at 0.600, after which a bullish consolidation was initiated at today’s high. Everything indicates that we are continuing with the bullish trend. Potential higher targets are the 0.660 and 0.670 levels.
For a bearish option, we need a negative consolidation and a drop below the 0.630 level. With this, we move below the daily open price and strengthen the bearish momentum. ApeCoin would thus retreat to 0.620, where the EMA 50 moving average awaits. We received support from the EMA 50 yesterday, so we expect it today as well. If this does not happen, we will be relegated to lower levels. Potential lower targets are 0.610 and 0.600 levels. The EMA 200 moving average will meet us at the 0.600 level.
Akita Inu chart analysis
The Akita Inu price is in a bullish trend for the second day in a row. Today’s movement is led by an attempt to move above the EMA 200 moving average. We are succeeding at this right now, but we need a stronger impulse to take us further away from the EMA 200. We are now at 0.0000001200 and need a jump to 0.0000001220 to have room to stabilize above the moving average.
If we succeed in this, the chances of starting a longer bullish trend increase. Potential higher targets are 0.0000001240 and 0.0000001260 levels. For the bearish option, we need negative consolidation and a decline to the 0.0000001160 level. This moves us to a new daily low and below the EMA 50 moving average, which means that we are again under pressure to continue on the bearish side. Potential lower targets are 0.0000001140 and 0.0000001120 levels.
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