- The stable uptrend of ApeCoin price managed to form a new weekly high this morning at the level of 0.842.
- On Tuesday, the Akita Inu price retreated to 0.00000007805, a new weekly low.
ApeCoin Chart Analysis
The stable bullish trend of ApeCoin price managed to form a new weekly high this morning at the level of 0.842. After that, the price took a step back to the daily opening level of 0.820. ApeCoin managed to stay above it and start a slight bullish momentum up to 0.828. We need a stronger momentum to rise up to 0.840. Then, there will be a test of this morning's high before moving to a new one.
Possible upper targets are the 0.850 and 0.860 levels. For a bearish option, we need a drop below the daily opening level. Therefore, ApeCoin retraces to the bearish side and will be under pressure to continue the trend. At the 0.810 level, we find the EMA 50 moving average, which was a support for us this week. We need a break below it to continue the pullback and form a new daily low. Possible lower targets are the 0.800 and 0.790 levels.
Graphic analysis of the Akita Inu
On Tuesday, the Akita Inu price retreated to 0.00000007805, a new weekly low. Shortly after, we saw a bullish consolidation and a pullback above the 200 EMA and the 0.00000008100 level. We were able to make a limited recovery to the 0.00000008500 level. From there, a new bearish consolidation started below the 200 EMA and the weekly opening price. Once again, Akita Inu has stabilized in that area and for now, the picture on the chart looks stable.
The price is under pressure but if it manages to sustain above the weekly opening level, it will have a chance to move to the bullish side. Possible upper targets are 0.00000008400 and 0.00000008500 levels. For a bearish option, we need a negative consolidation below the weekly opening price. With that move, we will test yesterday’s low. The renewed pressure on Akita Ina will influence us to pull back further to a new weekly low. Possible lower targets are 0.00000007800 and 0.00000007700 levels.
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