- The new weekly maximum price of ApeCoin was formed yesterday at the level 0.769
- Over the weekend, Akita Inu price struggled with resistance at the 200 EMA.
ApeCoin Chart Analysis
The new weekly high price of ApeCoin was formed yesterday at the level 0.769. After that, the price goes on the defensive and bearish consolidation begins. This morning's support at the 0.735 level did not hold and we had to take a step down to the 0.720 level. A new weekly low was formed at that level. We saw a brief recovery to the 200 EMA and 0.735, where we found new resistance. That could trigger another bearish consolidation below today's low.
The lowest possible targets are the 0.710 and 0.700 levels. For a bullish option, we need a positive consolidation and a return above the 0.750 level. So, ApeCoin should stay in that zone. If it succeeds, it will have the opportunity to start a bullish consolidation at higher levels. The highest potential targets are the 0.760 and 0.770 levels.
Akita Inu graphic analysis
Over the weekend, Akita Inu price struggled with resistance at the 200 EMA. Finally, on Monday we saw a break above the 200 EMA and strengthening bullish momentum. This morning the price finds new support at the 0.00000008000 level. This led Akita Inu to make a brief bullish push to 0.00000009349, forming a new weekly high there. After that, the price returned to 0.00000008380 and is now trying to stay there.
If the pullback continues, we will have to retest this morning's support at the 0.00000008000 level. Possible lower targets are the 0.00000007800 and 0.00000007600 levels. For the bullish option it is necessary for the Akita Inu to stabilize and turn back to the bullish side. Next, we will see the beginning of a bullish consolidation. The highest potential targets are the 0.0000008600 and 0.00000008800 levels.
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