ApeCoin and Akita Inu: Apecoin thrives with EMA200 support
- On Friday, ApeCoin retreated to the 1,233 level.
- On Sunday evening, Akita Inu’s price retreated to 0.0000002276 levels.
ApeCoin chart analysis
On Friday, ApeCoin retreated to the 1,233 level. After that, on Saturday, we watched the price consolidate in that zone and initiate a bullish consolidation. On Sunday, we climbed to 1,300 and above the EMA200 moving average. As we approached the new week, the pressure on the price increased, which retreated to the 1,260 level. There we see a higher low formation compared to Friday, and we are starting a new recovery.
The price of ApeCoin recently returned above the EMA200, stabilising the further movement to the bullish side. This morning, we climbed to 1,333 and formed a new weekly low there. For now, we are in a stable bullish consolidation, and we can hope for further growth on the bullish side. Potential higher targets are 1,340 and 1,350 levels.
Akita Inu chart analysis
On Sunday evening, Akita Inu’s price retreated to 0.0000002276 levels. We formed a new weekly low at that point. On Monday, the price consolidated there and initiated a recovery to the 0.0000002500 level. We were above the EMA200 for a short time because we quickly encountered resistance there. A new pullback from that zone followed, and now we are at the 0.0000002348 level. We are close to the weekly open price at 0.0000002300.
By going below, Akita Inu will test last week’s low and try to hold above. Potential lower targets are the 0.0000002250 and 0.0000002200 levels. For a bullish option, we need a return up to the EMA200 and the 0.0000002450 level. With the impulse above, we would try to break away and start a more specific recovery. Potential higher targets are 0.0000002500 and 0.0000002550 levels.
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