ApeCoin and Akita Inu: Targets and Levels for Tuesday
The price of Akita Inu managed to break above the EMA 200 moving average on Friday to gain its support
ApeCoin chart analysis
Over the weekend, ApeCoin’s price was in a slight retreat to support at 0.695. On Sunday, the price managed to stabilize there and initiate a bullish consolidation above the EMA 200 and 0.720 levels. On Monday, we saw a continuation of the bullish trend and a jump to a new two-week high. A new high was formed this morning at the 0.787 level. ApeCoin had no strength to go further, and we saw the initiation of a bearish consolidation to support at 0.760.
This support looks stable for now and supports the price on its bullish path. Potential higher targets are 0.780 and 0.790 levels. For a bearish option, the price must drop below today’s low if it plans to pull back. At the 0.750 level, we will try to test the EMA 50 moving average. If we fail to hold above, ApeCoin will have to initiate a bearish consolidation. Potential lower targets are 0.740 and 0.730 levels.
Akita Inu chart analysis
The price of Akita Inu managed to break above the EMA 200 moving average on Friday to gain its support. During the weekend, the price started a bullish consolidation, forming a new weekly high at the 0.00000010700 level. After that, bullish consolidation continued on Monday, and last week’s high was broken. A new high was created last night at the 0.0000002336 level. Akita Inu did not have the strength to continue further, and we saw a pullback to the 0.00000011500 level.
The price continued to fall this morning, breaking through that support level as well. With that step, the price formed a daily low at the 0.00000010150 level. In that zone, Akita Inu meets the EMA 50 moving average and is holding above it for now. If the support is not enough, further withdrawal to new support will follow. Potential lower targets are 0.00000010000 and 0.00000009500 levels. We also do not rule out testing the EMA 200 moving average in the 0.00000009000 zone.
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