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ApeCoin and Akita Inu: ApeCoin is still testing 1,200 level

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ApeCoin and Akita Inu: ApeCoin is still testing 1,200 level

The price of ApeCoin is in a slight bullish consolidation with resistance at the 1,226 level. 
Last night Akita Inu price fell to a new weekly low at 0.0000001718 level. 

ApeCoin chart analysis

The price of ApeCoin is in a slight bullish consolidation with resistance at the 1,226 level. There, we are testing the weekly open price, which for now resists and does not suit us to move above. This leads to a new pivot towards the 1,150 support level. A retest of that level could easily lead to a breakout below and thus form a new weekly low. With this, we are moving away from the previous bullish target and starting a further pullback.

Potential lower targets are 1,100 and 1,050 levels. If ApeCoin gains strength and crosses the 1,250 level and the weekly open price, it will have good momentum to begin further recovery and growth on the bullish side. Potential higher targets are 1,300 and 1,350 levels.

Akita Inu chart analysis

Last night Akita Inu price fell to a new weekly low at 0.0000001718 level. After that, a positive consolidation and recovery to the 0.0000001830 level was initiated. There, we encountered the EMA50 moving average and did not have enough strength to move above and continue the recovery. The price then starts a new pullback, and we are now at the 0.0000001760 level.

There’s a good chance we’ll see the Akita Inu at a new weekly low. Potential lower targets are 0.0000001700 and 0.0000001680 levels. We need a positive consolidation and a price jump above the 0.0000001840 level for a bullish option. Thus, we go above the EMA50 moving average and get rid of its previous pressure. Potential higher targets at 0.0000001860 and 0.0000001880 levels.

The post ApeCoin and Akita Inu: ApeCoin is still testing 1,200 level appeared first on FinanceBrokerage.