By ApeCoin and Akita Inu: Targets and Support Levels Today
- The price of ApeCoin continued on Wednesday with a bearish consolidation to the 0.720 support level
- The price of Akita Inu has been in lateral consolidation in the 0.00000010150-0.00000010750 range since yesterday.
ApeCoin chart analysis
The price of ApeCoin continued on Wednesday with a bearish consolidation to the 0.720 support level. Here, we are testing the weekly low, while the picture on the chart suggests that we will see a new low forming. The price pulled back below the EMA 200 moving average this morning, adding to the pressure on ApeCoin. For now, the price has support in this zone and gives signs that it could return above the weekly open level to the positive side.
Potential higher targets are 0.740 and 0.750 levels. At 0.745, we will test the EMA 50 moving average and hope it will support us in staying on the bullish side. For a bearish option, we need a negative consolidation of ApeCoin below the 0.715 level. With that step, we move to a new weekly low and confirm further price pullback. Potential lower targets are 0.710 and 0.700 levels.
Akita Inu chart analysis
The price of Akita Inu has been in lateral consolidation in the 0.00000010150-0.00000010750 range since yesterday. On the downside, we have EMA 50 moving average support. This could influence us to start a bullish consolidation and climb up to the 0.00000011000 level. That move would be a good indicator of strengthening momentum to continue to the bullish side. Potential higher targets are 0.00000011500 and 0.00000012000 levels.
For a bearish option, we need a pullback below the EMA 50 moving average to start. After the Akita Inu moves below, we will see a continuation of the bearish consolidation to the 0.00000010000 level. With that step, we will form a new daily low and confirm the bearish scenario. Potential lower targets are the 0.00000009500 and 0.00000009000 levels.
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