ApeCoin and Akita Inu: ApeCoin trying to hold above 1,300

ApeCoin and Akita Inu: ApeCoin trying to hold above 1,300

The price of ApeCoin climbed to a new weekly high this morning at the 1,363 level. 
On Sunday morning we had a strong bullish impulse in Akita Inu price from 0.0000002150 to 0.0000002443 levels. 

ApeCoin chart analysis

The price of ApeCoin climbed to a new weekly high this morning at the 1,363 level. After that, a pullback was initiated, and now we are at 1,310 levels. The price fell below the EMA50 and is on its way to visit the EMA200 in the zone around 1,300 levels.

There, we can expect more support and a potential pullback stop. If the support does not hold, it will fall below and test the weekly open price.

Potential lower targets are 1,280 and 1,270 levels. We need a positive consolidation and maintenance above the 0.330 level for a bullish option. This gives us EMA50 support and we could start a new recovery from there. Potential higher targets are 1,350 and 1,360 levels.

Akita Inu chart analysis

On Sunday morning we had a strong bullish impulse in Akita Inu price from 0.0000002150 to 0.0000002443 levels. The joy was short-lived because we returned to the starting position in the next hour. The price slipped even lower to the 0.0000002000 level and found new support there.

Additional support at that level is the EMA200 moving average. Yesterday, we saw another bullish attempt, which was stopped at the 0.0000002200 level.

We formed a weekly high there and started to pull back, returning to 0.0000002000 again this morning, but we are now below the EMA200.

Price is under pressure to continue its pullback and look for lower support. Potential lower targets are the 0.0000001950 and 0.0000001900 levels.

 

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