Economy

ApeCoin and Akita Inu: ApeCoin tries to retain new support

ApeCoin and Akita Inu: ApeCoin tries to retain new support

Over the weekend, we watched ApeCoin’s price pull back to a new weekly low at the 0.565 level
On Saturday, the Akita Inu price dropped to a new weekly low of 0.00000005382

ApeCoin chart analysis

Over the weekend, we watched ApeCoin’s price pull back to a new weekly low at the 0.565 level. Only on Monday morning did the price stabilize and start a bullish consolidation. By the end of the day, we saw a rally above the 0.600 level, where we got support from the EMA 50 moving average. With its support, the price continued to rise to the 0.613 level to a new daily high.

After that, we took a short break and pulled back to support at 0.600. The support looks stable, and ApeCoin has an opportunity to start a new rally on the bullish side. Potential higher targets are 0.610 and 0.620 levels. We need a negative consolidation and pullback below the EMA 50 moving average for a bearish option. This is a sign to us that the price is losing strength and bullish momentum. After that, further pullback and testing of lower levels remain to be seen. Potential lower targets are 0.590 and 0.580 levels.

 

Akita Inu chart analysis

On Saturday, the Akita Inu price dropped to a new weekly low of 0.00000005382. We spent the Sunday in a bullish consolidation, but we returned to the support zone in the evening. After that, on Monday, the price successfully stabilized in that zone and initiated a bullish consolidation to the 0.00000006200 level. With this, we formed a new daily high and increased the chances of seeing a continuation on the bullish side.

This morning, we had resistance at the 0.00000005940 level, which led to a pullback to support at 0.00000005800. We will try to get back above the EMA 50 again to start a new bullish recovery. Potential higher targets are the 0.00000006200 and 0.00000006400 levels. The EMA 200 moving average is up in the 0.0000006750 zone.

 

The post ApeCoin and Akita Inu: ApeCoin tries to retain new support appeared first on FinanceBrokerage.

You May Also Like

Investing

Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

Investing

Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

Editor's Pick

By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

Stock

A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

Disclaimer: thefreedomright.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2020-2024 The Freedom Right. All Rights Reserved