ApeCoin and Akita Inu: ApeCoin rose to a multi-month high
- Over the previous weekend, ApeCoin’s price experienced a strong bullish consolidation from 0.730 to 1.730
- On Sunday, October 21, Akita Inu’s price climbed to a new weekly high at 0.00000014880
ApeCoin chart analysis
Over the previous weekend, ApeCoin’s price experienced a strong bullish consolidation from 0.730 to 1.730. The price jumped by 132.0% in just 15 hours. After that, we saw a bearish pullback to 1,370 levels. ApeCoin managed to gain new support at that level and climbed to a new high of 1,759 on Monday, October 21. We stayed above for a short time, and the price retreated to a new support of 1,490.
On Tuesday, October 22, the price had a bullish attempt that was stopped at the 1,700 level. ApeCoin loses momentum again and pulls back to 1,490 previous support level. If the pressure is too strong to hold there, we will see a break below and the formation of a new low. Potential lower targets are 1,400 and 1,300 levels. For a bullish option, we need a return above 1,600 and the daily open level. With that, we are moving to the positive side. After that, we expect to see a recovery in the price of ApeCoin. Potential higher targets are 1,700 and 1,800 levels.
Akita Inu chart analysis
On Sunday, October 21, Akita Inu’s price climbed to a new weekly high at 0.00000014880. After the loss of bullish momentum, the price initiates a pullback. This week, we see a continuation of the price decline all the way to the 0.00000011700 level. In this zone, we encounter the EMA 200 moving average, which could stop further decline. If the bearish pressure is strong, we will see a break below and the creation of a new weekly low.
Potential lower targets are 0.00000011500 and 0.00000011000 levels. For a bullish option, we need the initiation of a bullish consolidation above the 0.00000012500 level. With that step, we will form the bottom, which will make it easier for us to start further recovery. Potential higher targets are 0.00000013000 and 0.000000135000 levels.
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