ApeCoin and Akita Inu: Daily Overview of Prices and Targets
- On Wednesday, the price of ApeCoin continued to sink to a new weekly low of 0.655
- The Akita Inu price hit a new weekly low on Wednesday at 0.00000007029
ApeCoin chart analysis
On Wednesday, the price of ApeCoin continued to sink to a new weekly low of 0.655. We see a slight recovery after that to the 0.680 level. If we don’t get back above 0.700 soon, we will have to continue on the bearish side. Potential lower targets are 0.640 and 0.620 levels.
A bullish consolidation above 0.700 would be a significant move for ApeCoin, potentially leading to a test of the previous high. This time, we anticipate a break above and the formation of a new daily high. As we approach the 0.720 level, we encounter the EMA50 moving average, a key indicator. Its support is crucial for us to continue growing on the bullish side. Potential higher targets are 0.740 and 0.760 levels. The EMA 200 could pose a challenge in the 0.760 zone.
Akita Inu chart analysis
The Akita Inu price hit a new weekly low on Wednesday at 0.00000007029. Shortly after that, the price stabilizes, and this morning, we saw a recovery to the 0.00000007300 level. We have solid bullish momentum and expect AkitaInu to continue its bullish growth. A bounce above 0.00000007600 gives us support from the EMA 50 moving average for continued recovery.
Potential higher targets are 0.00000007800 and 0.00000008000 levels. We will have additional resistance in the EMA 200 moving average in the 0.00000008000 zone. On Tuesday, we had an attempt to get back above EMA 200, but the momentum was insufficient for such a scenario. For a bearish option, we need a negative consolidation and pullback to the 0.00000007000 level. This moves us to a new weekly low and confirms bearish pressure. Potential lower targets are 0.00000006800 and 0.0000006600 levels.
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