- ApeCoin price continued a bearish consolidation to the 0.720 support level on Wednesday.
- The price of Akita Inu has been in lateral consolidation since yesterday in the range 0.00000010150-0.00000010750.
ApeCoin Chart Analysis
ApeCoin price continued a bearish consolidation to the 0.720 support level on Wednesday. Here we are testing the weekly low, while the image on the chart suggests that we will see a new low forming. The price fell back below the 200 EMA moving average this morning, increasing pressure on ApeCoin. For now the price has support in this area and is showing signs that it could return above the weekly opening level to the positive side.
The highest potential targets are the 0.740 and 0.750 levels. At 0.745, we will test the 50 EMA and hope that it will help us stay on the bullish side. For a bearish option, we need a negative consolidation of ApeCoin below the 0.715 level. With that step, we move to a new weekly low and confirm a further price pullback. The lowest possible targets are the 0.710 and 0.700 levels.
Akita Inu graphic analysis
The price of Akita Inu has been in lateral consolidation since yesterday in the range 0.00000010150-0.00000010750. On the downside, we have support from the 50 EMA moving average. This could influence us to start a bullish consolidation and go up to the 0.00000011000 level. That move would be a good indicator of strengthening momentum to continue to the bullish side. The highest potential targets are the 0.00000011500 and 0.00000012000 levels.
For a bearish option, we need a pullback below the 50 EMA to start. After Akita Inu declines, we will see a continuation of the bearish consolidation to the 0.00000010000 level. With this step we will form a new daily low and confirm the bearish scenario. Possible lower targets are the 0.00000009500 and 0.00000009000 levels.
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