Economy

ApeCoin and Akita Inu: ApeCoin seeks support at 1,290

ApeCoin and Akita Inu: ApeCoin seeks support at 1,290

This morning, we saw a quick and strong bearish impulse in the price of ApeCoin down to the 1,200 support level. Akita Inu’s price continues today with previous bullish consolidation.

ApeCoin chart analysis

This morning, we saw a quick and strong bearish impulse in the price of ApeCoin down to the 1,200 support level. After that, returning to the previous zone was just as fast. We continue to move in the 1,270-1,300 range. The price is currently at the 1,287 level and sits on the EMA50 moving average. This could have a positive effect and trigger a bullish consolidation. By crossing above the 1,300 level, we will form a new daily high.

After this, ApeCoin will have a better chance to continue on the bullish side. Potential higher targets are 1,320 and 1,340 levels. We need a negative consolidation and pullback below the 1,270 level for a bearish option. With that step, we move to the bearish side and expect to continue further retreat. Potential lower targets are 1,260 and 1,250 levels.

Akita Inu chart analysis

Akita Inu’s price continues today with previous bullish consolidation. The chart shows the formation of new higher lows, which supports our bullish conclusion. Now, we are at the 0.0000002020 level and waiting for a new impulse to the 0.0000002050 this week’s resistance zone. If further growth above continues, potential higher targets are 0.0000002100 and 0.00002150 levels.

A negative consolidation and pullback to the previous low at the 0.0000001950 level could indicate a bearish option. If the price falls below this level, we will break the previous bullish formation, a sign of potential weakness in the Akita Inu price. Potential lower targets are the 0.0000001900 and 0.0000001850 levels. The first close support is expected at 0.0000001930 and the EMA50 moving average, which could act as a barrier to further downward movement.

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