ApeCoin and Akita Inu: ApeCoin has retested at 0.830 level

ApeCoin and Akita Inu: ApeCoin has retested at 0.830 level

ApeCoin chart analysis

The price of ApeCoin continued to grow today, forming a new weekly high at the 0.845 level. After reaching this level, we see a slight pullback to 0.820. For now, we remain above that level and hover around 0.830. This place is ideal for retesting yesterday’s high. A new impulse would quickly push us to a new weekly high and thus extend the bullish scenario.

Potential higher targets are 0.850 and 0.860 levels. For a bearish option, we need a negative consolidation and pullback of ApeCoin’s price to 0.810. There, we will test the daily open price. If the support at that level is not maintained, we can expect the price to drop to a new daily low. Potential lower targets are 0.800 and 0.790 levels. Additional support at 0.800 is at the EMA 50 moving average.

Akita Inu chart analysis

The Akita Inu price managed to stay bullish even today. We have good support from the EMA 50 moving average and expect to continue the rally to new higher highs. Before that, we need to test the previous high at 0.0000001764. If we manage to retest that level, we will have a chance for an impulse above to a new high. Potential higher targets are the 0.0000001780 and 0.0000001800 levels.

For a bearish option, we need a negative consolidation and a drop below the 0.0000001680 level. In this way, we fall below the EMA 50 moving average and lose its support for continuation to the bullish side. After that, there will be an increase in bearish momentum, and Akita Inu will begin to retreat. Potential lower targets are the 0.0000001660 and 0.0000001640 levels.

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