ApeCoin and Akita Inu: ApeCoin withdrawal continues
The price of ApeCoin did not last yesterday to stay above the 0.770 level.
On Wednesday, we saw a strong bearish consolidation of the Akita Inu price.
Apecoin chart analysis
The price of ApeCoin did not last yesterday to stay above the 0.770 level. A bearish impulse occurred, and the price fell to a new weekly low. First, this morning, we saw an attempt to recover from the 0.740 level, which was stopped at the 0.760 level. We did not have the strength to continue on the bullish side, and a new pullback to the 0.724 level followed. ApeCoin is still in this support zone, but bearish pressure could easily push it to a new lower low.
Potential lower targets are 0.720 and 0.710 levels. For a bullish option, we need a positive consolidation and a return above the 0.740 level. Then, we would have to stabilize there in order to create a position from which we will continue the recovery to the bullish side. Potential higher targets are 0.750 and 0.760 levels.
Akita Inu chart analysis
On Wednesday, we saw a strong bearish consolidation of the Akita Inu price. Support was broken at the 0.0000001550 level, after which the price continued to fall until the morning at the 0.0000001455 level. A new weekly low was formed, and Akita moved significantly away from the weekly open price. The current pressure could easily push the price to a new lower low. Potential lower targets are the 0.0000001440 and 0.0000001420 levels.
For a bullish option, the Akita Inu price would have to stabilize above the 0.0000001500 level. If it succeeds in this, the price could start a positive consolidation and return above the 0.0000001520 daily open price. Potential higher targets are 0.0000001540 and 0.0000001560 levels. Additional resistance in the 0.0000001560 zone is the EMA 50 moving average.
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