ApeCoin and Akita Inu: Akita Inu is testing last week’s low

Today, ApeCoin’s price continued with this week’s sideways consolidation. 
The Akita Inu price broke support yesterday at the 0.0000001590 level.

ApeCoin chart analysis

Today, ApeCoin’s price continued with this week’s sideways consolidation. We reconfirmed this morning that the support zone was around 0.770, a crucial piece of information for our analysis. Staying above the weekly open price on the positive side pushed the price up to the 0.796 level. We’re currently hovering around 0.785 and testing the EMA 200 moving average. The resistance zone for this week is 0.800-0810, a key area to watch, and we could retest it today if we move above the 200 EMA.

Potential higher targets are 0.820 and 0.830 levels. For a bearish option, we need to go back again to this morning’s support at 0.770. New pressure in that zone could create an impulse, a sudden and significant price movement, below and form a new weekly low. Potential lower targets are 0.760 and 0.750 levels.

Akita Inu chart analysis

The Akita Inu price broke support yesterday at the 0.0000001590 level. After that, we saw a further pullback to the 0.0000001550 level. Here, we tested last week’s low at the same level. During the morning, the price moved in the 0.0000001550-0.0000001585 range. Then, we look at the continuation in the same direction without major oscillations. Bearish pressure dominates because we are in a bearish zone with no signs of a possible recovery.

Based on this, we could see a break below and a new weekly low formation. Potential lower targets are the 0.0000001540 and 0.0000001530 levels. For a bullish option, we need a positive consolidation and growth above the 0.0000001600 level. With that, we are back above the weekly open price again, and we hope for further recovery. Potential higher targets are the 0.0000001620 and 0.0000001620 levels.

The post ApeCoin and Akita Inu: Akita Inu is testing last week’s low appeared first on FinanceBrokerage.