ApeCoin and Akita Inu: ApeCoin is testing the 1,150 level
- The price of ApeCoin is currently forming a new weekly high at the 1,155 level.
- Akita Inu’s price continues the bullish consolidation that started on Monday.
ApeCoin chart analysis
The price of ApeCoin is currently forming a new weekly high at the 1,155 level. Yesterday, we moved in the 1,100-1,130 range, and this morning, we saw a bullish impulse and the formation of a new high. We also now have the support of the EMA50 moving average, which could further positively affect the price movement of ApeCoin. Potential higher targets are 1,160 and 1,165 levels.
A negative consolidation and a new price pullback to 1,120 levels are needed for a bearish option. A fall below this level would return us to the previous support zone, which would increase the pressure on the price, and we would probably test the previous lows again. Potential lower targets are 1,100 and 1,090 levels.
Akita Inu chart analysis
Akita Inu’s price continues the bullish consolidation that started on Monday. The key to the future move is that every previous low is at a higher level. We are now close to testing the EMA50 moving average in the zone around the 0.00000008270 level. We need a break above to help us continue the recovery. Potential higher targets are the 0.00000008280 and 0.00000008300 levels.
We need a negative consolidation and price pullback to the 0.00000008100 level for a bearish option. So, we would fall below this weekly open price and find ourselves testing the previous low. Potential lower targets are the 0.00000008050 and 0.00000008000 levels.
