ApeCoin and Akita Inu: ApeCoin under pressure below 1,250

ApeCoin chart analysis

On Friday, the price of ApeCoin had a strong bullish impulse to 1,471 levels. After which we stop there and retreat first to 1,400 levels. A bearish consolidation occurred on Saturday, and a low was formed at the 1,220 level.

After that, there was an attempt to recover, and we managed to climb up to 1,347 levels. There, we encounter a new resistance and form a lower low compared to the previous one.

Yesterday, ApeCoin pulled back below the EMA200 and continued below the 1,250 level. Bearish consolidation continued today with the formation of a new low at the 1,204 level. The price is still under bearish pressure, and we expect to see a further decline below the 1,200 level. Potential lower targets are 1,175 and 1,150 levels.

Akita Inu chart analysis

Yesterday, at the beginning of this week, the Akita Inu price had a strong bullish impulse from 0.0000002000 to 0.0000002248. With this, we formed a new weekly high, which was followed by a quick pullback to the initial position at the 0.0000002000 level.

We did not manage to stay there either, and we fell below the EMA200 and the weekly open price, which only increased the pressure on Akita Ina. A bearish consolidation was initiated, and it fell to a new weekly low at the 0.0000001897 level.

At that level, we get enough support to trigger a bullish consolidation and climb to the 0.0000001950 level. We are under new pressure here, and there are good chances to continue the bearish consolidation from yesterday. Potential lower targets are the 0.0000001850 and 0.0000001800 levels.

The post ApeCoin and Akita Inu: ApeCoin under pressure below 1,250 appeared first on FinanceBrokerage.