Connect with us

Hi, what are you looking for?

Economy

ApeCoin and Akita Inu: ApeCoin tries to retain new support

ApeCoin and Akita Inu: ApeCoin tries to retain new support

Over the weekend, we watched ApeCoin’s price pull back to a new weekly low at the 0.565 level
On Saturday, the Akita Inu price dropped to a new weekly low of 0.00000005382

ApeCoin chart analysis

Over the weekend, we watched ApeCoin’s price pull back to a new weekly low at the 0.565 level. Only on Monday morning did the price stabilize and start a bullish consolidation. By the end of the day, we saw a rally above the 0.600 level, where we got support from the EMA 50 moving average. With its support, the price continued to rise to the 0.613 level to a new daily high.

After that, we took a short break and pulled back to support at 0.600. The support looks stable, and ApeCoin has an opportunity to start a new rally on the bullish side. Potential higher targets are 0.610 and 0.620 levels. We need a negative consolidation and pullback below the EMA 50 moving average for a bearish option. This is a sign to us that the price is losing strength and bullish momentum. After that, further pullback and testing of lower levels remain to be seen. Potential lower targets are 0.590 and 0.580 levels.

 

Akita Inu chart analysis

On Saturday, the Akita Inu price dropped to a new weekly low of 0.00000005382. We spent the Sunday in a bullish consolidation, but we returned to the support zone in the evening. After that, on Monday, the price successfully stabilized in that zone and initiated a bullish consolidation to the 0.00000006200 level. With this, we formed a new daily high and increased the chances of seeing a continuation on the bullish side.

This morning, we had resistance at the 0.00000005940 level, which led to a pullback to support at 0.00000005800. We will try to get back above the EMA 50 again to start a new bullish recovery. Potential higher targets are the 0.00000006200 and 0.00000006400 levels. The EMA 200 moving average is up in the 0.0000006750 zone.

 

The post ApeCoin and Akita Inu: ApeCoin tries to retain new support appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    World biggest companies

    You May Also Like

    Economy

    Top 15 Richest Self-made Men from 2000 to 2023 Welcome to our video showcasing the wealth evolution of the top 15 richest self-made men...

    Investing

    Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

    Latest News

    At least 21 people were killed, including two children, when a passenger bus plunged from a bridge in Mestre, Italy, near Venice on Tuesday,...

    Latest News

    Israel and Hamas have reached a deal for a four-day pause in fighting and the release of at least 50 women and children held...

    Disclaimer: Tradetalkslive.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 tradetalkslive.com