ApeCoin and Akita Inu: ApeCoin remains bearish today

ApeCoin chart analysis

The price of ApeCoin fell to a new weekly low this morning at the 0.633 level. We haven’t moved up much since this morning, only up to the 0.655 level. There, we encounter a new resistance and turn again to the bearish side. We are now at 0.644 and expect a drop below the daily open price soon. This will put ApeCoin back on the negative side and put it under pressure to continue on the bearish side.

Potential lower targets are the 0.620 and 0.600 levels. For a bullish option, we need a positive consolidation and a jump above the EMA 200 and 0.680. Then, it would be desirable to hold up there to create a position for a further continuation to the bullish side. Potential higher targets are the 0.700 and 0.720 levels.

Akita Inu chart analysis

The Akita Inu price has been in a sideways consolidation since yesterday. The movement rank is 0.0000000650-0.0000000675. The price remained under pressure, holding in the support zone. We need an impulse above 0.0000000700 to partially release the bearish pressure. With this step, we will get the support of the EMA 50 moving average and hope for a more extensive recovery to the bullish side.

Potential higher targets are the 0.0000000750 and 0.0000000800 levels. For a bearish option, we need a negative consolidation and pullback below the 0.0000000650 level. This moves us to the bearish side, and we are close to testing the previous low. This time, the impulse could drop us below a new low and thereby extend the bearish scenario. Potential lower targets are the 0.0000000600 and 0.0000000550 levels.

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