ApeCoin Price Reaches 1,400 Despite EMA200 Resistance
- The price of ApeCoin was in a bullish trend yesterday after support at the 1,340 level.
- The two-day bullish trend of the Akita Inu price was stopped last night at the 0.0000001300 level.
ApeCoin chart analysis
The price of ApeCoin was in a bullish trend yesterday after support at the 1,340 level. We managed to move above the EMA200 and reach 1,400 levels. Today’s movement is in the 1,380-1,410 range; for now, we are resisting above the EMA200. With EMA support, the price could much more easily begin to recover at higher levels. Potential higher targets are 1,420 and 1,430 levels.
For a bearish option, we need a negative consolation and a price drop below the EMA200 and support at the 1,380 level. So we would be back in bearish territory, and ApeCoin would be forced to go into retreat. Potential lower targets are 1,370 and 1,360 levels, and there would be a possibility to test 1,340 yesterday’s low.
Akita Inu chart analysis
The two-day bullish trend of the Akita Inu price was stopped last night at the 0.0000001300 level. We managed to move above EMA200, but the euphoria was short-lived, followed by another pullback below. The price is going down to the 0.0000001275 level, and we currently hold above that level. If we get support, we will have another opportunity to test the EMA200 and try to move above again. Potential higher targets are 0.0000001300 and 0.0000001310 levels.
For a bearish option, we need a negative consolidation and a drop below the support at 0.0000001275. This would increase bearish momentum and form a new daily low. Potential lower targets are 0.0000001270 and 0.0000001260 levels. This week’s low price of Akita Inu is at 0.0000001241 level.
The post ApeCoin Price Reaches 1,400 Despite EMA200 Resistance appeared first on FinanceBrokerage.
