The Akita Inu continues to slide and test this year’s low
- The price of the Akita Inu retreated yesterday to the 0.0000001301 level, forming a six-month low.
Akita Inu chart analysis
The price of the Akita Inu retreated yesterday to the 0.0000001301 level, forming a six-month low. We were at that place last time in January and now again. The price has slightly recovered in the past couple of hours to 0.0000001456. We need a continuation of the positive consolidation to the 0.0000001500 level in order to trigger a bullish option. We need a break above and hold above so that we can consolidate more efficiently and generate a new bullish impulse and continued recovery.
Potential higher targets are 0.0000001600 and 0.0000001700 levels. For a bearish option, we need a further negative consolidation and a retest of yesterday’s low at the 0.0000001301 level. Breaking the price below would lead to the formation of a new low and return the price to the levels of 2022.