Economy

ApeCoin and Akita Inu: ApeCoin is holding above 0.715

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ApeCoin and Akita Inu: ApeCoin is holding above 0.715

ApeCoin price has moved its support above the crucial 0.720 level.
Today’s Akita Inu price movement is in the 0.0000001490-0.0000001520 range. 

ApeCoin chart analysis

ApeCoin price has moved its support above the crucial 0.720 level. This is a significant development as we are on our way to testing the upper resistance at the 0.750 level. If we move above, we will see a more significant recovery. With a rise to 0.765, the price will test the EMA 200 moving average. The impulse above will influence us to climb to a new weekly high.

Potential higher targets are 0.780 and 0.800 levels. We need a negative consolidation and pullback to the 0.700 level, the weekly open price for a bearish option. A drop below will negatively affect ApeCoin to continue its further pullback lower. Potential lower targets are 0.680 and 0.660 levels.

 

Akita Inu chart analysis

Today’s Akita Inu price movement is in the 0.0000001490-0.0000001520 range. The bullish consolidation from the beginning of the week has slowed, and the price is now moving sideways. We have support at the EMA 50 moving average on the downside but resistance at the EMA 200 moving average on the upside. The price are now waiting to see a break of one of these two lines in order to assess the future direction of movement.

With momentum below the lower line, a bearish option opens for Akita Inu. This will have the effect of strengthening the bearish momentum. Potential lower targets are the 0.0000001450 and 0.0000001400 levels. We need a positive consolidation and a break above the 200 EMA and 0.0000001550 level for a bullish option. Thus, we will create a new weekly high and start a bullish scenario. Potential higher targets are 0.0000001600 and 0.0000001650 levels.

 

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