ApeCoin and Akita Inu: Daily Targets and Prices
The price of ApeCoin tried to initiate a bullish consolidation on Tuesday but stopped at the 0.820 level
The Akita Inu price dropped to 0.00000007200 last night, a new weekly low
ApeCoin chart analysis
The price of ApeCoin tried to initiate a bullish consolidation on Tuesday but stopped at the 0.820 level. We had additional resistance in that zone in the EMA 200 moving average. From there, the price began a new retreat, and this morning, a new weekly low was formed at the 0.667 level. The decline was stopped there, and the price is now consolidating around the 0.700 level. If we manage to create a bottom at that level, we could see the start of a new bullish consolidation.
Potential higher targets are 0.720 and 0.740 levels. We will have additional resistance in the 0.750 zone in the EMA 50 moving average. A bearish option requires ApeCoin to go back down to the 0.680 daily open level. With pressure on that level, the bearish pressure on the price will increase, and we will see a break below. Potential lower targets are 0.660 and 0.640 levels.
Akita Inu chart analysis
The Akita Inu price dropped to 0.00000007200 last night, a new weekly low. After that, this morning, we saw the initiation of a recovery from there to the 0.00000007700 level. We now need a continuation of this consolidation above 0.00000007800 and the EMA 50 moving average. If Akita Inu takes such a step, it will have solid momentum for further recovery to the bullish side.
Potential higher targets are the 0.00000008000 and 0.00000008200 levels. We will have additional resistance in the 0.00000008200 zone in the EMA 200 moving average. For a bearish option, Akita Inu would like to return below the 0.00000007400 level. With that, we move to a new daily low and confirm the continuation to the bearish side. Potential lower targets are the 0.00000007200 weekly low and the 0.00000007000 level.
The post ApeCoin and Akita Inu: Daily Targets and Prices appeared first on FinanceBrokerage.