ApeCoin and Akita Inu: ApeCoin drops to support again

• The price of ApeCoin has been on a pullback since last night after encountering resistance at the 0.615 level. 
• Yesterday’s bullish attempt by the Akita Inu price to climb to a new weekly high was stopped at the 0.0000001286 level. 

ApeCoin chart analysis

The price of ApeCoin has been on a pullback since last night after encountering resistance at the 0.615 level. The EMA 200 moving average created additional pressure in that zone. The price had to start pulling back to the 0.595 level under pressure. We are now at 0.600 and trying to stabilize to stop further pullback. If the pressure on ApeCoin continues, we could easily see a break below and the formation of a new low.

Potential lower targets are the 0.590 and 0.585 levels. This week’s support zone is around 0.575. For a bullish option, we need a positive consolidation and a move to the 0.605 level to start. There, we get support from the EMA 50 moving average, and it will be easier for us to continue on the bullish side. Potential higher targets are the 0.615 and 0.620 levels. In the 0.610 zone, we will meet the EMA 200 moving average again.

Akita Inu chart analysis

Yesterday’s bullish attempt by the Akita Inu price to climb to a new weekly high was stopped at the 0.0000001286 level. This morning, we saw a bearish consolidation start from there and pull down to the 0.0000001237 level. After that, the price managed to recover slightly to 0.0000001250. It is still under pressure as it is below the moving averages.

This could influence us to see a strengthening of the bearish momentum and a drop in the Akita Inu price to a new daily low. Potential lower targets are the 0.0000001230 and 0.0000001220 levels. We need a return above the EMA 200 and the 0.0000001270 level for a bullish option. With that step, we cross the EMA 200 line and expect its support to continue to the bullish side. Potential higher targets are 0.0000001280 and 0.0000001290 levels.