Investing 08-05-2024 12:12 20 Views

ApeCoin and Akita Inu: Akita Inu slips below 0.0000001750

ApeCoin and Akita Inu: Akita Inu slips below 0.0000001750

Last night, the price of ApeCoin fell below the EMA200 and 1,245 levels. 
Akita Inu’s price is under bearish pressure for the second day. 

ApeCoin chart analysis

Last night, the price of ApeCoin fell below the EMA200 and 1,245 levels. With that step, the previous bullish formation was broken, which led to the initiation of bearish consolidation and a drop to the 1,192 level. At that point, we form a new weekly low, but we remain under pressure, and it is possible that we will fall to a new low. Potential lower targets are the 1,180 and 1,170 levels.

With new support at the current level, we could initiate a positive consolidation and move back up to the 1,220 level first. We form a bottom on that chain, and after that, we expect a further continuation to 1.245 and the EMA200 moving average. If we manage to move above, we return to the previous bullish formation and can expect further growth. Potential higher targets are 1,260 and 1,270 levels.

Akita Inu chart analysis

Akita Inu’s price is under bearish pressure for the second day. Yesterday we broke below the support at the 0.0000001800 level. Today, there was a continuation and drop to a new weekly low at 0.0000001745. We are currently in the bearish zone, and with a new bearish impulse, we would be forced to slide to a new lower value. Potential lower targets are 0.0000001700 and 0.0000001650 levels.

We need a positive consolidation and a return to the 0.0000001800 level for a bullish option. With that, we are back above the weekly open price and one step closer to the EMA200 moving average. If we manage to move above the EMA200, we will be in a better position to initiate a bullish recovery. Potential higher targets are 0.0000001850 and 0.0000001900 levels.

The post ApeCoin and Akita Inu: Akita Inu slips below 0.0000001750 appeared first on FinanceBrokerage.

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