Connect with us

Hi, what are you looking for?

Stock

ApeCoin and Akita Inu: ApeCoin drops to a new low on Monday

ApeCoin и Akita Inu: Новые цели и цены на эту неделю

ApeCoin and Akita Inu: ApeCoin drops to a new low on Monday

  • We saw the new September high price of ApeCoin on Saturday at the 0.874 level
  • The price of Akita Inu rose to 0.00000009845 on Friday, hitting a new high

ApeCoin chart analysis

We saw the new September high price of ApeCoin on Saturday at the 0.874 level. We stayed up there for a short time because a bearish consolidation was quickly initiated and a drop to the 0.800 level. Then, on Saturday, we saw the first recovery to 0.840, where ApeCoin encountered new resistance and formed a lower high. On Sunday, the price once again tried to break through the resistance zone, but to no avail.

Strengthening bearish momentum pushed the price of ApeCoin to a new low of 0.776 on Monday. We are currently holding in that zone and could see a slight recovery tonight. Potential higher targets are 0.790 and 0.800 levels. For a bearish option, we need a negative price consolidation below the 0.770 level. With that step, we will move to a new weekly low and thus confirm the continuation to the bearish side. Potential lower targets are 0.760 and 0.750 levels.

ApeCoin chart analysis

Akita Inu chart analysis

The price of Akita Inu rose to 0.00000009845 on Friday, hitting a new high. Later in the day, we saw the initiation of a bearish consolidation down to the 0.00000008500 support zone. Over the weekend, the price was in a sideways consolidation with the support of the EMA 200 moving average. Monday brought new volatility and a drop below the moving average and the 0.0000008200 level. We didn’t manage to stop there either; the Akita Inu price fell to 0.00000007800, a new weekly low.

After that, the price slowed down and was maintained in the support zone. With the new impulse, we will see the formation of a new weekly low and confirmation of bearish pressure on the price. Potential lower targets are the 0.00000007600 and 0.00000007400 levels. For a bullish option, the Akita Inu price must return above the 200 EMA and 0.00000008400 level. With that step, we will have a new opportunity to connect to the bullish side. Potential higher targets are the 0.00000008600 and 0.00000008800 levels.

Akita Inu chart analysis

The post ApeCoin and Akita Inu: ApeCoin drops to a new low on Monday appeared first on FinanceBrokerage.

You May Also Like

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

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

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

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...




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