ApeCoin and Akita Inu: Akita Inu breaks above 0.0000002000

• The price of ApeCoin made a bearish impulse yesterday to the 1.663 level.
• This morning’s price jump of Akita Inu took us to the 0.0000002092 level. 

ApeCoin Chart Analysis

The price of ApeCoin made a bearish impulse yesterday to the 1.663 level. After a fairly calm sideways consolidation over the past two days, we saw yesterday’s drop to a new weekly low. We briefly stayed down there, and the price quickly recovered to 1.850. This took us above the weekly open price and initiated a bullish consolidation from there. This brings us to the 2.050 level, where we are currently pausing.

The price of ApeCoin is slightly retreating to the 1.990 level, maintaining itself in the 2.000 zone. We are close to seeing a breakthrough above and thus forming a new daily high. Potential higher targets are the 2.100 and 2.150 levels. If we fail to break resistance at 2.000, we will be forced into a retreat. With a drop to the 1.900 level, the price moves away from the bullish trend and will need to find new support. Potential lower targets are the 1.850 and 1.800 levels.

Akita Inu Chart Analysis

This morning’s price jump of Akita Inu took us to the 0.0000002092 level. We paused there and started to retreat. The drop brought us down to the 0.0000001850 support level. For now, we manage to hold above it and await a new bullish impulse for continuation on the bullish side. If we manage to return above the 0.0000002000 level, we will have good support for further continuation.

Potential higher targets are the 0.0000002050 and 0.0000002100 levels. For the bearish option, we need negative consolidation and a drop below the support at 0.0000001800. This would extend the currently ongoing retreat, and potential lower targets are the 0.0000001700 and 0.0000001600 levels.

The post ApeCoin and Akita Inu: Akita Inu breaks above 0.0000002000 appeared first on FinanceBrokerage.