ApeCoin Price Analysis: Pullback Below EMA200 in Akita Inu

ApeCoin chart analysis

After a fairly quiet bullish consolidation of the ApeCoin price until this morning, we saw a strong impulse and a jump to the 1,910 level. This year’s new high was formed. We stopped there, and the price is starting to pull back, now up to 1,800 levels. There is a high chance that we will return to the previous movement zone, which means a continuation of the pullback. Potential lower targets are 1,750 and 1,700 levels.

In the zone around 1,700 levels, we could expect support and a new bullish turn. Thus, we would return in the previous bullish channel and stabilise movement with the support of the EMA200 moving average.

Akita Inu chart analysis

Over the weekend, we watched the Akita Inu price pull back to the 0.0000001356 level. After gaining support in that zone yesterday, we saw a bullish impulse to the 0.0000001500 level. We stayed up for a short time, the price started a pullback, and we fell below the 0.0000001400 level. Additional pressure in that zone is the EMA200 moving average, and since we are in a bearish swing, the price has pulled back below.

Since then, we have remained in the support zone, putting pressure on the 0.0000001360 level. A bearish hold in that zone could easily lead to a breakout below and the formation of this week’s new low. Potential lower targets are the 0.0000001340 and 0.0000001320 levels. We need a retracement of the EMA200 and 0.0000001400 levels for a bullish option. A bottom forming above that level could trigger a bullish consolidation and recovery in Akita Inu price.

The post ApeCoin Price Analysis: Pullback Below EMA200 in Akita Inu appeared first on FinanceBrokerage.