ApeCoin and Akita Inu: Fall to New Lows and Targets
Last night’s attempt by the ApeCoin price to start a recovery was stopped at the 0.746 level
On Wednesday, the Akita Inu price movement took place in the 0.00000007700-0.00000008200 range
ApeCoin chart analysis
Last night’s attempt by the ApeCoin price to start a recovery was stopped at the 0.746 level. Again, we failed to hold above the EMA 200 moving average. After that, the price begins a bearish consolidation and falls to the 0.693 level. We are currently under pressure at that level to continue the pullback to a new weekly low. This confirms the current bearish momentum and pressures the price of ApeCoin to pull back.
Potential lower targets are 0.680 and 0.660 levels. For a bullish scenario, the price would first have to stop further decline. After we stabilize, we have the opportunity to initiate a positive consolidation and return to the positive side. If we succeed in this, we will get support from the EMA 200 moving average to continue the recovery. Potential higher targets are 0.740 and 0.760 levels.
Akita Inu chart analysis
On Wednesday, the Akita Inu price movement took place in the 0.00000007700-0.00000008200 range. An attempt to initiate a bullish consolidation was stopped at the 0.0000008300 level. The loss of momentum causes the price to go into retreat and fall below the EMA 200 moving average. To continue the bearish scenario, we need a break below the weekly open level to a new low.
Potential lower targets are the 0.00000007600 and 0.00000007400 levels. For a bullish option, we need a positive consolidation and a move above the EMA 200 moving average. After that, we have a chance to go up to the 0.00000008300 level. A new visit will allow us to break above to a new daily high. Potential higher targets are the 0.00000008400 and 0.0000008600 levels.
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