- ApeCoin price's attempt last night to start a recovery stopped at the 0.746 level
- On Wednesday Akita Inu price movement took place in the range 0.00000007700-0.00000008200
ApeCoin Chart Analysis
ApeCoin price's attempt last night to start a recovery stopped at the 0.746 level. Once again, we failed to stay above the 200 EMA. After that, the price starts a bearish consolidation and falls to the level of 0.693. We are currently under pressure at that level to continue the pullback to a new weekly low. This confirms the current bearish momentum and puts pressure on ApeCoin price to pull back.
The lowest possible targets are the 0.680 and 0.660 levels. For a bullish scenario, the price would first have to stop a further decline. Once we stabilize, we have the opportunity to start a positive consolidation and get back on the positive side. If we succeed, we will get support from the 200 EMA to continue the recovery. The highest potential targets are the 0.740 and 0.760 levels.
Akita Inu graphic analysis
On Wednesday the Akita Inu price movement took place in the range 0.00000007700-0.00000008200. The attempt to start a bullish consolidation stopped at the level of 0.0000008300. The loss of momentum causes the price to retrace and fall below the 200 EMA. To continue the bearish scenario, we need a break below the weekly opening level to a new low.
Possible lower targets are the 0.00000007600 and 0.00000007400 levels. For a bullish option, we need a positive consolidation and a move above the 200 EMA. After that, we have a chance to go up to the level of 0.00000008300. A new visit will allow us to surpass a new daily maximum. The highest potential targets are the 0.00000008400 and 0.0000008600 levels.
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