ApeCoin and Akita Inu: Price and Target Overview for Wednesday
- The stable bullish trend of the ApeCoin price managed to form a new weekly high this morning at the 0.842 level
- On Tuesday, the price of Akita Inu retreated to 0.00000007805, a new weekly low
ApeCoin chart analysis
The stable bullish trend of the ApeCoin price managed to form a new weekly high this morning at the 0.842 level. After that, the price took a step back to the daily open level of 0.820. ApeCoin managed to hold above and initiate a slight bullish impulse to 0.828. We need stronger momentum to climb to 0.840. Then, there’s a test of this morning’s high before we move to a new one.
Potential higher targets are 0.850 and 0.860 levels. For a bearish option, we need a drop below the daily open level. Thus, ApeCoin retreats to the bearish side and will be under pressure to continue the trend. At the 0.810 level, we encountered the EMA 50 moving average, which was a support for us this week. We need a breakout below to continue the pullback and form a new daily low. Potential lower targets are 0.800 and 0.790 levels.
Akita Inu chart analysis
On Tuesday, the price of Akita Inu retreated to 0.00000007805, a new weekly low. Shortly thereafter, we saw a bullish consolidation and a pullback above the EMA 200 moving average and the 0.00000008100 level. We were able to make a limited recovery to the 0.00000008500 level. From there, a new bearish consolidation was initiated back below the EMA 200 and the weekly open price. Once again, the Akita Inu has stabilized in that zone, and for now, the picture on the chart looks stable.
The price is under pressure, but if it manages to stay above the weekly open level, it will have a chance to move to the bullish side. Potential higher targets are 0.00000008400 and 0.00000008500 levels. For a bearish option, we need a negative consolidation below the weekly open price. With that step, we will test yesterday’s low. The new pressure on the Akita Ina will influence us to retreat further to a new weekly low. Potential lower targets are 0.00000007800 and 0.00000007700 levels.
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