ApeCoin and Akita Inu: ApeCoin is sliding slowly below 1,100
ApeCoin price crashed last Friday from 1,340 to 1,100 level.
Akita Inu’s price pulled back below the EMA200 moving average on Friday.
ApeCoin chart analysis
ApeCoin price crashed last Friday from 1,340 to 1,100 level. After that, we saw a rise to 1,200 levels. New resistance at that level triggers a pullback to the 1,100 level again on Saturday. The price with new support starts to recover but stops at the 1,170 level. The formation of a lower high at that level was a sign that a continuation of the pullback to the bearish side would follow.
This morning it happened because we had a strong bearish impulse and the formation of a new low at the 1,080 level. Potential lower targets are 1,060 and 1,040 levels. We need a positive consolidation and a return above the 1,140 level for a bullish option. This brings us back above the daily open price and the EMA50 moving average. After that, we can expect further recovery to begin. Potential higher targets are 1,160 and 1,180 levels.
Akita Inu chart analysis
Akita Inu’s price pulled back below the EMA200 moving average on Friday. A strong bearish impulse pushed the price below the 0.0000002400 level. The price spent the weekend moving in the 0.0000002260-0.0000002400 range. At the beginning of this week, the price turned to the bearish side and started to retreat under the pressure of the EMA50 moving average. This morning, we saw two new bearish impulses and a drop in Akita Inu’s price to 0.0000002094.
Potential lower targets are the 0.0000002000 and 0.0000001900 levels. We need a positive consolidation and a move above the 0.0000002200 level for a bullish option. With that step, we will begin the Akita Inu price recovery. At the 0.0000002300 zone, we encounter the EMA50 moving average and will try to move above it. With its support, the bullish momentum will increase. Potential higher targets are 0.0000002400 and 0.0000002500 levels.
The post ApeCoin and Akita Inu: ApeCoin is sliding slowly below 1,100 appeared first on FinanceBrokerage.