ApeCoin and Akita Inu: ApeCoin fell to 0.832 this morning

• ApeCoin’s price is in bearish momentum after falling below the EMA200 moving average on Monday.
• The Akita Inu price continues to pull back today after meeting resistance at 0.0000001800 on Monday.

ApeCoin chart analysis

ApeCoin’s price is in bearish momentum after falling below the EMA200 moving average on Monday. Additional pressure on the price is that it broke below the 0.900 support level. Last night, we formed a new low at the 0.880 level. This morning, we encountered a new resistance at 0.890, after which we descended to the 0.832 level with a robust bearish impulse. With this move, ApeCoin broke below last week’s low at 0.842.

Price tried to initiate a recovery, but resistance was encountered at 0.860. Bearish pressure is increasing again, and we are forced to continue on the bearish side. To shift the momentum, we need a positive consolidation and a return above the 0.860 level. This strategic approach is crucial for a potential bullish option. After stabilizing at that level, we can expect the price to start growing. Potential higher targets are 0.880 and 0.900 levels.

 

Akita Inu chart analysis

The Akita Inu price continues to pull back today after meeting resistance at 0.0000001800 on Monday. A new weekly low was formed this morning at the 0.0000001577 level. The price continues to be under bearish pressure, which should lead to a descent to a new lower low. If the bearish consolidation continues by the end of the day, we could see the Akita Inu price at a new low.

Potential lower targets are the 0.0000001550 and 0.0000001500 levels. If the price stabilizes, it will break the bearish trend. With the new support, we will have the opportunity to start a positive consolidation. A move above the 0.0000001650 level would be a sufficient sign that the price has the strength for further growth. Potential higher targets are the 0.0000001700 and 0.0000001750 levels.

 

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