ApeCoin and Akita Inu: ApeCoin meets resistance at 1,300
The price of ApeCoin climbed to the 1,320 level on Monday, forming a 10-day high there. Akita Inu’s new weekly high was formed on Monday at the 0.0000001952 level.ApeCoin chart analysis
The price of ApeCoin climbed to the 1,320 level on Monday, forming a 10-day high there. We failed to hold there, and a negative consolidation was initiated, and the price pulled back to the 1,240 support level.
Here, we meet the EMA200 moving average and hope for its support. If we manage to hold above, the price has a new opportunity to initiate a recovery.
Potential higher targets are 1,280 and 1,300 levels. ApeCoin would have to break below the EMA200 first for a bearish option. This moves us to the bearish side, and we will be under pressure to start a further decline to a new weekly low. Potential lower targets are 1,220 and 1,200 levels. Down there, we go back to testing Friday’s support.
Akita Inu chart analysis
Akita Inu’s new weekly high was formed on Monday at the 0.0000001952 level. After that, the price did not have the strength to hold up there, and we saw the initiation of a pullback to support at the 0.0000001800 level.
In this zone, we encounter the EMA200 moving average, which could increase the pressure on the price to make a certain impulse. We will go to a new weekly low if a bearish impulse occurs.
Potential lower targets are the 0.0000001750 and 0.0000001700 levels. We need to hold above the EMA200 and 0.0000001850 levels for a bullish option. If we succeed in this, we will be in a good position to initiate positive consolidation and start recovery. Potential higher targets are 0.0000001900 and 0.0000001950 levels.
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