- ApeCoin price attempted to start a bullish consolidation on Tuesday but stopped at the 0.820 level.
- Akita Inu price fell to 0.00000007200 last night, a new weekly low
ApeCoin Chart Analysis
ApeCoin price attempted to start a bullish consolidation on Tuesday but stopped at the 0.820 level. We had additional resistance in that area at the 200 EMA. From there, the price started a new pullback and this morning a new weekly low was formed at the 0.667 level. The decline stopped there and the price is now consolidating around the 0.700 level. If we manage to create a bottom at that level, we could see the beginning of a new bullish consolidation.
The highest potential targets are the 0.720 and 0.740 levels. We will have additional resistance in the 0.750 area at the 50 EMA. A bearish option requires ApeCoin to move back down to the daily opening level of 0.680. With pressure at that level, bearish pressure on price will increase and we will see a break below. The lowest possible targets are the 0.660 and 0.640 levels.
Akita Inu graphic analysis
The Akita Inu price fell to 0.00000007200 last night, a new weekly low. After that, this morning we saw the beginning of a recovery from there to the 0.00000007700 level. We now need a continuation of this consolidation above 0.00000007800 and the 50 EMA. If Akita Inu takes that step, it will have solid momentum for further recovery towards the bullish side.
The highest potential targets are the 0.00000008000 and 0.00000008200 levels. We will have additional resistance at the 0.00000008200 zone at the 200 EMA. For a bearish option, Akita Inu would like to return below the 0.00000007400 level. With this, we move towards a new daily low and confirm the continuation towards the bearish side. The possible lower targets are the weekly low of 0.00000007200 and the level of 0.00000007000.
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