ApeCoin and Akita Inu: ApeCoin continues above 1,340 level

• ApeCoin price is moving in a steady bullish consolidation this week.
• The Akita Inu price rose to a new weekly high of 0.0000002870 in the previous hour.

ApeCoin chart analysis

ApeCoin price is moving in a steady bullish consolidation this week. This morning, we saw the formation of a new weekly high at the 1,346 level. The price has support from the EMA200 moving average and could continue further progress to the bullish side. We currently have a short pullback to 1,325 and hope to stay above 1,320, the daily open price.

Potential higher targets are 1,350 and 1,360 levels. The price would have to pull back to the 1,310 level for a bearish option. This is where we meet the EMA50 moving average. An impulse below it would push us down to 1,300, where the EMA200 moving average awaits. Critical would be sent there because we are in the support zone. This instability would cause us to slide even lower and form a new low. Potential lower targets are 1,290 and 1,280 levels.

Akita Inu chart analysis

The Akita Inu price rose to a new weekly high of 0.0000002870 in the previous hour. This morning, we had a consolidation at the 0.0000002400 level, after which a strong bullish consolidation was initiated. We quickly crossed the EMA200 and climbed to a new high. Now, it is important for us to manage to stay above the 0.0000002650 level. This level is the previous high from the weekend.

A retest at that point would mean a lot for us to continue on the bullish side. Potential higher targets are 0.0000002900 and 0.0000002950 levels. We need a negative consolidation and pullback below the 0.0000002650 level for a bearish option. With that step, we return to this week’s movement zone. Atika Inu’s price would lose its previous momentum and would have to look for new support. Potential lower targets are the 0.0000002550 and 0.0000002500 levels.

The post ApeCoin and Akita Inu: ApeCoin continues above 1,340 level appeared first on FinanceBrokerage.