- In the previous hour, ApeCoin price fell to 1,626, forming a new weekly low there.
- On Thursday we saw the Akita Inu price recover to the 0.0000001340 resistance area.
ApeCoin chart analysis
In the previous hour, ApeCoin price fell to 1,626, forming a new weekly low there. Yesterday we saw a recovery attempt that stopped at the 1,740 level. We bounce twice from the same area and start a new pullback again. After that, we see a decline below the 1,650 level and the EMA200. This increases pressure on the price, causing it to fall to its lowest level this morning.
Possible lower targets are 1600 and 1580 levels. If we can consolidate in this area, the price will have a chance to start growing above the 1680 level. This would take us back above the 200 EMA, which should have a positive impact and support the price in the recovery. Possible higher targets are 1720 and 1740 levels.
Akita Inu chart analysis
On Thursday we saw the Akita Inu price recover to the 0.0000001340 resistance area. We failed to break above that level and form a new two-day high. Since then, we have been in a moderate bearish consolidation zone and pulled back to the 0.0000001300 level. Now we are here asking for support in order to form the bottom from which we can start the recovery.
A return above 0.0000001340 would break the previous bearish pattern. This should give us the strength to continue towards the EMA200 and 0.0000001360 levels. Possible higher targets if the uptrend continues are the 0.0000001380 and 0.0000001400 levels. On the other hand, the price decline below the 0.0000001300 level prompts us to test the weekly support at the 0.0000001270 level. In this case, we cannot rule out the formation of a new weekly low.
