ApeCoin and Akita Inu: support for ApeCoin at 1,280 level
The price of ApeCoin yesterday formed a new weekly high at the 1,332 level.
The price of the Akita Inu was pulling back to the support level at 0.0000001820 yesterday.
ApeCoin chart analysis
The price of ApeCoin yesterday formed a new weekly high at the 1,332 level. This was followed by a decrease in volatility at that level, leading to a bearish consolidation until this morning at the 1,272 level of support. In this zone, we encounter the EMA50 moving average, a key indicator that is currently preventing a further pullback. With two new impulses, the price has climbed above the 1,300 level and is now striving to maintain its position there.
If ApeCoin maintains its position above the 1,300 level, it could potentially retest yesterday’s high. This bullish scenario could lead to higher targets at the 1,330 and 1,340 levels. However, we also need to consider a bearish option. For this, we would require a negative consolidation and a new pullback below the EMA50 and 1,280 levels. This would result in a new daily low and strengthen the bearish momentum, potentially leading to lower targets at 1.2600 and 1.240 levels. In the zone of 1,240 levels, we find additional support in the EMA200 moving average.
Akita Inu chart analysis
The price of the Akita Inu was pulling back to the support level at 0.0000001820 yesterday. We get that support and start a new positive consolidation. The EMA50 moving average in the 0.0000001820 zone played a significant role, not allowing us to continue further retreat. This morning we climb above the 0.0000001900 level and continue the recovery.
We expect to see a continuation to the bullish side. Potential higher targets are 0.0000001950 and 0.0000002000 levels. We need a negative consolidation and pullback down to the 0.0000001850 level for a bearish option. A new impulse below pushes the price to a new daily low and thus only strengthens the bearish momentum. Potential lower targets are the 0.0000001800 and 0.0000001750 levels. EMA200 moving average is waiting for us in the zone 0.0000001800 level.
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