ApeCoin is bullish this morning and hit a new daily high

• The price of ApeCoin continued today with bullish consolidation up to the 0.627 level
• This morning, we saw a strong bullish impulse in the Akita Inu price to the 0.00000015997 level

ApeCoin chart analysis

The price of ApeCoin continued today with bullish consolidation up to the 0.627 level. The price managed to break above the EMA 200 moving average and gain its support at the 0.620 level. All indicators suggest that we should see a continuation to the bullish side and the formation of a new weekly high. Potential higher targets are 0.630 and 0.640 levels.

For a bearish option, we need a negative consolidation and a drop back below the EMA 200 and 0.620 levels. This brings us back under bearish pressure, and we can expect to start a further retreat to a new low. It is very important how ApeCoin will behave at the daily open price. If it fails to hold, it will continue on the bearish side to form a new daily low. Potential lower targets are 0.600 and 0.590 levels.

Akita Inu chart analysis

This morning, we saw a strong bullish impulse in the Akita Inu price to the 0.00000015997 level. The price gave the first indications yesterday with the impulse to 0.00000009000. After that, we saw a steady bullish consolidation until the new impulse this morning. The price failed to hold above the new high and quickly moved back down to the 0.00000007900 level. 

Akita Inu should continue on the bullish side based on all the parameters in the chart. Potential higher targets are 0.00000009000 and 0.00000010000 levels. For a bearish option, we need a negative consolidation and a drop below the daily open price and the 0.00000007000 level. With that step, we are heading towards the bearish side. After that, it remains to pull back to the EMA 200 moving average. Potential lower targets are 0.00000006000 and 0.00000005000 levels.