- Yesterday's bearish consolidation pushed ApeCoin price to a new weekly low at the 0.703 level.
- Akita Inu price lost some previous bullish momentum yesterday, retreating to the 0.00000007800 support level.
ApeCoin Chart Analysis
Yesterday's bearish consolidation pushed ApeCoin price to a new weekly low at the 0.703 level. Shortly after, the price gains that support and begins to recover. This morning a bullish consolidation began up to 0.740 and above the 200 EMA. At that level, we find new resistance and pull back to 0.730. In this area we will try to start a bullish consolidation again to once again surpass the 200 EMA moving average.
If ApeCoin is successful, it will reach a new daily high to confirm the bullish turn. The highest potential targets are the 0.745 and 0.7500 levels. For a bearish option, we need a negative consolidation and a drop below 0.720. With that step, we will move away from today's high and thus increase the bearish pressure on ApeCoin. After that, a new pullback to a new low should follow. The lowest possible targets are the 0.715 and 0.710 levels.
Akita Inu graphic analysis
Akita Inu price lost some previous bullish momentum yesterday, retreating to the 0.00000007800 support level. Next, we observe the sideways movement in the range 0.00000007800-0.00000008200. Since this morning, we have been in a slight bearish consolidation and are putting pressure on the lower level of the range and the 200 EMA. If the support does not hold, we will see a break below and a drop to a new daily low.
Possible lower targets are the 0.00000007600 and 0.00000007400 levels. For a bullish option, we must stay above the EMA200 moving average. Once we do that, we will be able to start a bullish consolidation above the 0.00000008000 level. After that, we expect the Akita Inu to continue to recover and surpass the daily opening level of 0.00000008200. The highest potential targets are the 0.00000008400 and 0.0000008600 levels.
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