ApeCoin at the threshold of 1,750, what about Akita Inu?
ApeCoin price pulled back below 2,200 and the EMA200 moving average on Friday.
Over the weekend, the price of the Akita Inu attempted to initiate a bullish consolidation.
ApeCoin chart analysis
ApeCoin price pulled back below 2,200 and the EMA200 moving average on Friday. With that step, we stepped on the bearish side that continues today.
On Saturday, we saw a bullish attempt that was stopped at the 2,245 level. From there, we started a bearish consolidation and formed a new low at the 1,935 level. On Sunday, a new bullish attempt followed, which this time was stopped at the 2,155 level.
Thus, we formed a lower high compared to the previous one and thus confirmed that we continue with the bearish option. We are moving lower today, forming a weekly low at the 1,756 level. The price is trying to move above 1,800, but for now, the bearish pressure is still very strong and does not allow us to do so. Potential lower targets are 1,700 and 1,650 levels.
Akita Inu chart analysis
Over the weekend, the price of the Akita Inu attempted to initiate a bullish consolidation. It was short-lived because we briefly reached the 0.0000003500 level. We are returning to the previous consolidation again and falling below the EMA200 moving average.
On Monday, the bearish pressure intensifies and we start to fall below the 0.0000003000 level. By the end of the day, the price went down to the 0.0000002700 level and tried to consolidate there.
This morning we see a drop below that support level and a continuation all the way to 0.0000002369, the new weekly low. The pressure is increasing, and we can expect a further pullback to an even lower level. Potential lower targets are the 0.0000002300 and 0.0000002200 levels.
If we return above 0.0000002500, we will have the opportunity to maintain in that zone and try to start a new bullish consolidation. Potential higher targets are the 0.0000002600 and 0.0000002700 levels.
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