ApeCoin and Akita Inu: Akita Inu falls to 0.0000001225

ApeCoin chart analysis

ApeCoin price fought to stay above the 1,380 level yesterday and succeeded in doing so. After that, we look at a bullish consolidation that takes us back above the EMA200 and 1,400 levels. The price gains additional strength above those levels and starts a further uptrend, and now we are very close to reaching this week’s high at the 1,471 level. We are currently at 1,465 and very close to doing so. Potential higher targets are 1,480 and 1,490 levels.

We need a negative consolidation and pullback below the EMA200 and 1,400 for a bearish option. After that, we are looking for support at the 1,380 level. New pressure could break below and form a new weekly low. This confirms the bearish trend; the potential lower targets are 1,360 and 1,340.

Akita Inu chart analysis

Akita Inu’s price is in a pullback after Tuesday’s rejection from the EMA200 moving average. We have been in bearish consolidation for two days, and this morning, we saw the formation of this week’s low at the 0.0000001225 level. For now, we are holding above it and recovering to the 0.0000001250 level. If we manage to move above 0.0000001270, we will have a better position for further recovery.

Potential higher targets are 0.0000001300 and 0.0000001350 levels. In the zone around 0.0000001350, we come across the EMA200 moving average again. We need to go down to the previous support level for a bearish option again. New pressure could easily break below and form a new low. Potential lower targets are 0.0000001200 and 0.0000001150 levels.

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