ApeCoin and Akita Inu: ApeCoin stopped this morning at 0.826

ApeCoin chart analysis

ApeCoin’s new weekly high was formed this morning at the 0.826 level. After that, the price stopped there and started a pullback to the 0.780 level. Now, we are trying to get support at that level to stop further pullback. At the 0.770 level, we encounter the EMA 50 moving average, while the EMA 200 is in the weekly open price zone at 0.757.

Stronger support awaits us there, from which we could restart a new bullish consolidation. If the zone does not hold, potential lower targets are 0.740 and 0.720 levels. For a bullish option, we need positive consolidation and stabilization above 0.800. There, ApeCoin would have a good position from which to continue its recovery. Potential higher targets are 0.820 and 0.840 levels.

Akita Inu chart analysis

This morning, we saw the formation of a new weekly Akita Inu price high at the 0.0000001764 level. The price lost momentum up there and initiated a pullback all the way to the 0.0000001678 level. It is now under pressure to continue the bearish scenario and look for new support at lower levels. We encounter several potential support levels in the 0.0000001550-0.0000001650 zone, such as the EMA 50 and EMA 200 moving averages and the fundamental weekly open level.

With a hold above that zone, the Akita Inu could initiate a new bullish consolidation and turn to the bullish side again. Stabilizing above the 0.0000001700 level would lead to the formation of a bottom from which it would be much easier for us to initiate a bullish recovery. Potential higher targets are 0.0000001750 and 0.0000001800 levels.

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