ApeCoin and Akita Inu: ApeCoin remains bullish above EMA200

ApeCoin chart analysis

The price of Apecoin rose to 1,360 levels this morning. We were close to reaching this week’s high at the 1,363 level, which was formed on Tuesday. After that, the price initiated a pullback to support this morning at the 1,305 level. We encountered the EMA200 moving average down there, which supported us and initiated a bullish consolidation at today’s high.

We are currently at the 1,347 level and holding steady there for the time being, expecting a new bullish impulse to continue on the bullish side.

Potential higher targets are 1,360 and 1,370 levels. We need a negative consolidation and pullback to 1,325 levels for a bearish option. There, we encounter the EMA50’s first potential support. If it does not last, we will see a continuation of the pullback and a fall to the EMA200 at the 1,310 support zone. Potential lower targets are 1,300 and 1,290 levels.

Akita Inu chart analysis

Akita Inu’s price climbed to a new weekly high yesterday at 0.0000002228. We stayed up for a short time, and in the next hour, we saw a pullback to the 0.0000002140 level.

This morning, the pullback to support at the 0.0000002060 level continued. We also tested the weekly open price in that zone. Akita Inu successfully returned above and initiated a bullish consolidation to the 0.0000002140 level.

For now, we have resistance at that level and we need a new impulse in order to jump over that resistance zone. Potential higher targets are the 0.0000002160 and 0.0000002180 levels.

We need a negative consolidation and pullback below the 0.00000002060 level for a bearish option. After that, the next important level is 0.0000002040 because that is where we meet the EMA200 moving average, and we can expect more support and stop further pullback.

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