ApeCoin and Akita Inu: ApeCoin again below the 1,280 level
ApeCoin price is under pressure today below the 1,320 level.
The Akita Inu price has been in a bearish trend since Tuesday and jumped to the 0.0000003250 level.
ApeCoin chart analysis
ApeCoin price is under pressure today below the 1,320 level. The price did not have enough strength to break through that level, and a pullback followed. With bearish momentum, we saw a break below the 1,300 level and the EMA200 moving average. A new daily low was formed at the 1,275 level, and the price is close to slipping to a new weekly low. Potential lower targets are 1,260 and 1,250 levels.
For a bullish option, we need a positive consolidation, a return above 1,300, and the EMA200 moving average first. Then, ApeCoin needs to maintain itself there in order to have a basis for starting a new bullish impulse. Potential higher targets are 1,320 previous high, then 1,340 this week’s resistance zone.
Akita Inu chart analysis
The Akita Inu price has been in a bearish trend since Tuesday and jumped to the 0.0000003250 level. We are now at 0.0000002550 and teat the EMA200 moving average support. On Monday, there was a preliminary test of the EMA200, and we were able to support above and initiate a bullish consolidation. We expect to see the same today and turn to the bullish side.
Potential higher targets are 0.0000002700 and 0.0000002800 levels. For a bearish option, we need a pullback below the EMA200 and a drop to the weekly open price of 0.0000002438. There, the Akita Inu would be under a lot of pressure to kneel and form a new lower low. Potential lower targets are the 0.0000002300 and 0.0000002200 levels.
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