- This morning, the price of ApeCoin rose to a new weekly high at the 0.860 level.
- Yesterday's bearish consolidation in Akita Inu price had the effect of dropping to 0.00000007400, a new weekly low.
ApeCoin Chart Analysis
This morning, the ApeCoin price rose to a new weekly high at the level of 0.860. We stopped above there and the price started to retrace to the level of 0.850. The pressure is now on this level and a drop below it could only strengthen the bearish momentum. Therefore, we expect a retest of the daily opening level of 0.830. There, we also have the EMA 50 moving average, which could stop a further pullback.
Possible lower targets are the 0.820 and 0.810 levels. For a bullish option, ApeCoin price must first stabilize above the 0.850 level. After that, since we formed a new low, we can expect the bullish consolidation to continue above the previous high. Possible upper targets are the 0.870 and 0.880 levels.
Graphic analysis of the Akita Inu
Yesterday's bearish consolidation of the Akita Inu price resulted in a drop to 0.00000007400, a new weekly low. After its formation, the price managed to stabilise and start a recovery to the level of 0.00000007980. Here we are close to testing the weekly opening price and we expect a return above it to the positive side. Akita Inu is under additional pressure from the EMA 200 moving average, which is located in the area of the weekly opening level.
A fresh strong bullish momentum above it would increase the chances of a return to the bullish side. The higher potential targets are the 0.00000008200 and 0.00000008400 levels. For a bearish option, the price would have to sustain below the weekly opening price towards the downside. This step strengthens the bearish momentum and will lead to a fresh pullback in Akita Inu price. The lower potential targets are the 0.00000007600 and 0.00000007400 levels.
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