Connect with us

Hi, what are you looking for?

Investing

ApeCoin at the threshold of 1,750, what about Akita Inu?

ApeCoin at the threshold of 1,750, what about Akita Inu?

ApeCoin price pulled back below 2,200 and the EMA200 moving average on Friday. Over the weekend, the price of the Akita Inu attempted to initiate a bullish consolidation.

ApeCoin chart analysis

ApeCoin price pulled back below 2,200 and the EMA200 moving average on Friday. With that step, we stepped on the bearish side that continues today.

On Saturday, we saw a bullish attempt that was stopped at the 2,245 level. From there, we started a bearish consolidation and formed a new low at the 1,935 level. On Sunday, a new bullish attempt followed, which this time was stopped at the 2,155 level.

Thus, we formed a lower high compared to the previous one and thus confirmed that we continue with the bearish option. We are moving lower today, forming a weekly low at the 1,756 level. The price is trying to move above 1,800, but for now, the bearish pressure is still very strong and does not allow us to do so. Potential lower targets are 1,700 and 1,650 levels.

Akita Inu chart analysis

Over the weekend, the price of the Akita Inu attempted to initiate a bullish consolidation. It was short-lived because we briefly reached the 0.0000003500 level. We are returning to the previous consolidation again and falling below the EMA200 moving average.

On Monday, the bearish pressure intensifies and we start to fall below the 0.0000003000 level. By the end of the day, the price went down to the 0.0000002700 level and tried to consolidate there.

This morning we see a drop below that support level and a continuation all the way to 0.0000002369, the new weekly low. The pressure is increasing, and we can expect a further pullback to an even lower level. Potential lower targets are the 0.0000002300 and 0.0000002200 levels.

If we return above 0.0000002500, we will have the opportunity to maintain in that zone and try to start a new bullish consolidation. Potential higher targets are the 0.0000002600 and 0.0000002700 levels.

The post ApeCoin at the threshold of 1,750, what about Akita Inu? appeared first on FinanceBrokerage.

You May Also Like

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

Editor's Pick

The final December results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically...

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

Sales of new single-family homes rose again in November, increasing 5.8 percent to 640,000 at a seasonally-adjusted annual rate from a 605,000 pace in...