ApeCoin and Akita Inu: Akita Inu slipped at 0.0000000990
The price of ApeCoin continues its steady bullish consolidation this week as well.
On Friday, we saw the Akita Inu price drop from 0.0000001455 to 0.0000000990 levels.
ApeCoin chart analysis
The price of ApeCoin continues its steady bullish consolidation this week as well. Yesterday, we saw the price rise to 1,574. We encounter resistance there and pull back to support at the 1,420 level. We make a bottom in that zone and start a recovery to 1,490 levels. Additional support is provided by the EMA50 moving average, and we hope to see a break above the 1,500 level.
Then, we would have to hold above there in order to form a new bottom from which to start the next bullish consolidation. Potential higher targets are 1,550 and 1,600 levels. For a bearish option, we need a negative consolidation and a new price pullback to 1,420 levels. A fall below leads to the formation of a new low, and thus, we get confirmation of the bearish option. Potential lower targets are 1,400 and 1,350 levels.
Akita Inu chart analysis
On Friday, we saw the Akita Inu price drop from 0.0000001455 to 0.0000000990 levels. Since then, we have been in a sideways consolidation for four days in the 0.0000001050-0.0000001150 range. The current price is at 0.0000001080, and we can say that we are testing the support zone. We need a bullish impulse to move us to the upper resistance line. Then, we would have to jump over that level if we want to see continued recovery and price growth.
An additional break in the zone around 0.0000001150 is the EMA50 moving average. Potential higher targets are 0.0000001200 and 0.0000001250 levels. We need a negative consolidation and a decline to the 0.0000001000 level for a bearish option. So we would descend again to test last week’s low. Potential lower targets are 0.0000000950 and 0.0000000900 levels.
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