ApeCoin and Akita Inu: ApeCoin in a two-day bearish trend

• Apecoin price continues today with a bearish consolidation from yesterday.
• The Akita Inu price fell to a new weekly low this morning at 0.0000002512. 

ApeCoin chart analysis

Apecoin price continues today with a bearish consolidation from yesterday. This morning, we fell to a new weekly low at the 1,637 level. We managed to get support in the short term and recover to 1,680 levels. We now have new resistance and are again turning to the bearish side. We are close to testing this morning’s low. It could easily happen that we slip below to a new one and thus get confirmation of bearish momentum.

Potential lower targets are 1,620 and 1,600 levels. We need a positive consolidation above the 1,700 level for a bullish option. This brings us back to the daily positive position and we could form a bottom there for a further continuation to the bullish side. Potential higher targets are 1,720 and 1,740 levels.

Akita Inu chart analysis

The Akita Inu price fell to a new weekly low this morning at 0.0000002512. After support at that level, we recovered to the 0.0000002600 level, where we encountered new resistance and formed a lower low compared to yesterday’s. A drop below to a new weekly low could happen soon. Potential lower targets are the 0.0000002500 and 0.0000002450 levels.

If we were to return above 0.0000002600 and the weekly open price, the bullish chances for the price recovery of the Akita Inu would increase. In the zone around the 0.0000002650 level, we encounter the EMA200 moving average, and we need a break above it to continue to the bullish side.

Well, with the support of EMA200, it will be much easier for us. Potential higher targets are the 0.0000002700 and 0.0000002800 levels.