Connect with us

Hi, what are you looking for?

Economy

ApeCoin and Akita Inu: ApeCoin meets resistance at 1,300

ApeCoin and Akita Inu: ApeCoin meets resistance at 1,300

The price of ApeCoin climbed to the 1,320 level on Monday, forming a 10-day high there. Akita Inu’s new weekly high was formed on Monday at the 0.0000001952 level.

ApeCoin chart analysis

The price of ApeCoin climbed to the 1,320 level on Monday, forming a 10-day high there. We failed to hold there, and a negative consolidation was initiated, and the price pulled back to the 1,240 support level.

Here, we meet the EMA200 moving average and hope for its support. If we manage to hold above, the price has a new opportunity to initiate a recovery.

Potential higher targets are 1,280 and 1,300 levels. ApeCoin would have to break below the EMA200 first for a bearish option. This moves us to the bearish side, and we will be under pressure to start a further decline to a new weekly low. Potential lower targets are 1,220 and 1,200 levels. Down there, we go back to testing Friday’s support.

Akita Inu chart analysis

Akita Inu’s new weekly high was formed on Monday at the 0.0000001952 level. After that, the price did not have the strength to hold up there, and we saw the initiation of a pullback to support at the 0.0000001800 level.

In this zone, we encounter the EMA200 moving average, which could increase the pressure on the price to make a certain impulse. We will go to a new weekly low if a bearish impulse occurs.

Potential lower targets are the 0.0000001750 and 0.0000001700 levels. We need to hold above the EMA200 and 0.0000001850 levels for a bullish option. If we succeed in this, we will be in a good position to initiate positive consolidation and start recovery. Potential higher targets are 0.0000001900 and 0.0000001950 levels.

The post ApeCoin and Akita Inu: ApeCoin meets resistance at 1,300 appeared first on FinanceBrokerage.

You May Also Like

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com