ApeCoin and Akita Inu: pullback continues to new weekly lows
The price of ApeCoin continued to move under bearish pressure to a new weekly low at 1,252 level
Akita Inu’s price hit a new weekly low of 0.00000011500 on Tuesday, October 22
ApeCoin chart analysis
The price of ApeCoin continued to move under bearish pressure to a new weekly low at 1,252 level. The price stopped the fall and made a slight recovery up to 1,300 levels. Here, we need to maintain ourselves and create a position to start a new recovery. Then, we need to move above 1,400 to get the EMA 50 moving average support. If that happens, we can hope for a continuation of the bullish option. Potential higher targets are 1,500 and 1,600 levels.
For a bearish option, ApeCoin needs to continue its pullback and break the previous low. This will form a new weekly and confirm price weakness and pressure to look for new lower support. Potential lower targets are the 1,200 and 1,100 levels. Additional price support is at 1,100 in the EMA 200 moving average.
Akita Inu chart analysis
Akita Inu’s price hit a new weekly low of 0.00000011500 on Tuesday, October 22. After a short-term consolidation, the price manages to recover to the 0.00000012500 level. We seem to have resistance in that zone and have been unable to continue the recovery. This triggered a bearish consolidation to 0.00000011750, where the EMA 200 moving average awaits us.
The Akita Inu is now on the bearish side, which could produce a move below and a test of the previous low. This time, the new pressure could create an impulse below and thus send the price to a new weekly low. Potential lower targets are 0.00000011000 and 0.00000010500 levels. If the EMA 200 support manages to stop further pullback, the price will have an opportunity to initiate a bullish consolidation. We expect a rise above 0.00000012500 and new support at the EMA 50 moving average. Potential higher targets are 0.00000013000 and 0.00000013500 levels.
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