- ApeCoin is in decline after rising to the 1,910 level yesterday.
- Akita Inu price continues to move below the EMA200 moving average, forming yesterday's weekly low at the level of 0.0000001315.
ApeCoin chart analysis
ApeCoin is in decline after rising to the 1,910 level yesterday. The price already fell to the 1700 support level in the afternoon hours. After that, we saw an attempt to recover by jumping to the 1,850 level. We stop there and form a lower high compared to the previous high.
From there, we begin a new bearish consolidation and are currently at the 1700 level again. Once again, we are pressing on the support area, which could have a negative impact on the future trend.
Possible lower targets are 1650 and 1600 levels. In the area around 1650 levels, additional support for the price is the EMA200 moving average. We need a positive consolidation and a move to the 1800 level for a bullish option.
With this step, we have moved far away from the unpleasant area. We will also form a bottom from which we can easily start the recovery. Possible higher targets are the 1950 and 1900 levels.
Akita Inu chart analysis
Akita Inu price continues to move below the EMA200 moving average, forming yesterday's weekly low at the level of 0.0000001315. After support at this level, we tried to start a recovery, but were stopped at the 0.0000001390 level. New EMA200 pressure pushes the price down, and we return to the support level it was yesterday.
Increasing downward momentum can easily break the price level below and form a new low. Possible lower targets are levels 0.0000001300 and 0.0000001280. To get a bullish option, we need to go back to the EMA200 and 0.0000001400 levels again.
Only by moving above it will we have the opportunity to build on the downward pressure and start recovering on the upside. Possible higher targets are the 0.0000001420 and 0.0000001440 levels.
