ApeCoin and Akita Inu: ApeCoin under pressure below 1,050

  • June 13, 2024
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ApeCoin and Akita Inu: ApeCoin under pressure below 1,050

The ApeCoin price has experienced a significant drop, reaching a new weekly low at the 1,049 level.
Yesterday’s bullish consolidation of the Akita Inu price was stopped at the 0.0000002300 level.

ApeCoin chart analysis

The ApeCoin price has experienced a significant drop, reaching a new weekly low at the 1,049 level. Yesterday’s recovery was halted at 1,140, ​​leading to a pullback. This morning, the price dipped below 1,100 and continued to the new weekly low. We are currently above that level, and the price is climbing back up to 1,080. The apeCoin price is under pressure, emphasizing the importance of the 1,049 level in the market analysis.

For a bearish outlook, potential lower targets for ApeCoin are at the 1,050 and 1,000 levels. However, a bullish scenario could be possible if we see a return above the 1,115 level. This would not only move us above the daily open price but also provide the support of the EMA50 moving average, a key technical indicator. If this occurs, we could witness the start of a positive consolidation towards the bullish side. In this case, potential higher targets for ApeCoin are at the 1,150 and 1,200 levels.

 

Akita Inu chart analysis

Yesterday’s bullish consolidation of the Akita Inu price was stopped at the 0.0000002300 level. In that zone, we had additional resistance to further recovery in the EMA200 moving average. After that, the price turns again to the bearish side and begins to retreat. This morning, we went down to 0.0000002070 levels. We are currently at 0.0000002100 and have not moved further from this morning’s low.

Additional pressure on Akita Inu’s price is a drop below the EMA50 moving average. That could push the price to a new weekly low. Potential lower targets are the 0.0000002000 and 0.0000001900 levels. We need a positive consolidation and a rise above the 0.0000002200 level for a bullish option. This moves us above the daily open price. We are getting support from the EMA50 moving average and expect to see further recovery. Potential higher targets are 0.0000002300 and 0.0000002400 levels.

 

The post ApeCoin and Akita Inu: ApeCoin under pressure below 1,050 appeared first on FinanceBrokerage.

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