Connect with us

Hi, what are you looking for?

Economy

ApeCoin and Akita Inu: ApeCoin stopped at the 0.999 level

ApeCoin and Akita Inu: ApeCoin stopped at the 0.999 level

The price of ApeCoin has been in retreat since the beginning of this week from the 0.999 level. 
Last week, the price of Akita Inu was under a lot of pressure, and this caused it to fall to 0.0000001667. 

ApeCoin chart analysis

The price of ApeCoin has been in retreat since the beginning of this week from the 0.999 level. From there, a bearish consolidation was initiated that is still active today. This morning, we formed a new weekly low at the 0.895 level. For now, we have support at that level and are recovering to the 0.930 level. If this consolidation continues, the price could climb up to the EMA200 moving average at 0.960.

This is where the challenge awaits us, as we need a bullish impulse to break through this resistance zone. Potential higher targets are 0.980 and 1.000 levels. We need a negative consolidation and a new pullback to the 0.900 level for a bearish option. With the new pressure in that zone, the price of ApeCoin was under pressure to slide below to a lower low. Potential lower targets are 0.880 and 0.860 levels.

 

Akita Inu chart analysis

Last week, the price of Akita Inu was under a lot of pressure, and this caused it to fall to 0.0000001667. Since then, the price has been moving in a sideways consolidation in the 0.0000001680-0.00000018400 range. In the zone of the upper line of this range, additional pressure is in the EMA200 moving average. That’s causing us a problem this week as we just can’t manage to move up. Akita Inu is forced to retreat and initiate bearish consolidation.

It is now at 0.0000001764 at the weekly low. There is a good chance that we will see a further pullback and visit last week’s support zone. Potential lower targets are the 0.0000001740 and 0.0000001720 levels. We need a return up to the EMA200 moving average for a bullish option. Then, we need to hold ourselves up there. If the Akita Inu manages to stabilize there, it will have the opportunity to start a further recovery on the bullish side.

 

The post ApeCoin and Akita Inu: ApeCoin stopped at the 0.999 level appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Information Below To Receive 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!

    You May Also Like

    Editor's Pick

    Latest iteration of the Communications Service Provider (CSP) IoT Peer Benchmarking report from the world’s leading IoT analyst firm identifies the key trends shaping...

    Latest News

    Few congressional Democrats could muster a defense of President Joe Biden’s halting debate performance Thursday, opting instead to criticize former President Donald Trump for...

    Stock

    A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and...

    Stock

    An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three...

    Disclaimer: Financetimereport.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 © 2024 Financetimereport.com