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  /  Market Overview   /  ApeCoin and Akita Inu: ApeCoin meets resistance at 0.750

ApeCoin and Akita Inu: ApeCoin meets resistance at 0.750

ApeCoin and Akita Inu: ApeCoin meets resistance at 0.750

Over the weekend, ApeCoin moved in the 0.700-0.760 range. 
The price of the Akita Inu retreated to a new low on Friday at the 0.0000001300 level. 

ApeCoin chart analysis

Over the weekend, ApeCoin moved in the 0.700-0.760 range. On Monday, we first had a bearish impulse to the 0.664 support level. After stabilizing at that level, the price starts a bullish consolidation and recovers to 0.750. For now, we have resistance at that level, and we are unable to move above it. Today’s movement is in the 0.700-0.740 range. The picture is positive because ApeCoin is in a mild bullish consolidation and could soon test the upper level of today’s range.

Potential higher targets are the 0.760 and 0.780 levels. The EMA 200 moving average is in the 0.790 zone. We need a pullback down to support a bearish option at the 0.700 level. There, we will test the weekly open price. The momentum below shifts ApeCoin to the downside and thus confirms price weakness. Potential lower targets are the 0.680 and 0.660 levels.

 

Akita Inu chart analysis

The price of the Akita Inu retreated to a new low on Friday at the 0.0000001300 level. After gaining new support at that level, the price initiated a bullish consolidation on Saturday to the 0.0000001500 level. On Sunday, we saw another pullback, this time to 0.0000001350. On Monday morning, the price managed to stabilize there and start a new recovery that continues today. This week’s high was at 0.0000001550.

Here, we meet the EMA 200 moving average, which does not allow us to move above it in this attempt. That led to a pullback to 0.0000001485, and now we need fresh momentum to trigger a bullish option. By crossing above 0.0000001550, we get the support of the 200 EMA, and it will be easier for us to start a further recovery. Potential higher targets are the 0.0000001600 and 0.0000001650 levels.

 

The post ApeCoin and Akita Inu: ApeCoin meets resistance at 0.750 appeared first on FinanceBrokerage.