Alpaca / Usdt
$BINANCE:ALPACAUSDT
Alpaca Coin has recently experienced a significant price increase, reaching a current level of $0.1397. This upward movement was met with resistance around the $0.1555 mark, where the price struggled to maintain momentum and eventually faced rejection. This rejection suggests that the $0.1555 zone is a critical level of resistance, where selling pressure has outweighed buying interest.
In terms of support levels, the price currently finds support around $0.1200. If the coin's price falls below this level, it could signal a bearish trend, indicating further potential declines. The next notable support zone below $0.1200 is at $0.1000. This lower support level represents a crucial point where buying interest may re-emerge to prevent further declines.
A break below the $0.1200 support could lead to testing the $0.1000 support area. Traders should closely monitor these levels, as they could provide insights into the coin's potential price trajectory. A failure to hold at these support zones might indicate further bearish momentum, while holding these levels could suggest a consolidation phase or potential rebound.
Disclaimer : I am Not Financial Adviser
Alpaca Coin has recently experienced a significant price increase, reaching a current level of $0.1397. This upward movement was met with resistance around the $0.1555 mark, where the price struggled to maintain momentum and eventually faced rejection. This rejection suggests that the $0.1555 zone is a critical level of resistance, where selling pressure has outweighed buying interest.
In terms of support levels, the price currently finds support around $0.1200. If the coin's price falls below this level, it could signal a bearish trend, indicating further potential declines. The next notable support zone below $0.1200 is at $0.1000. This lower support level represents a crucial point where buying interest may re-emerge to prevent further declines.
A break below the $0.1200 support could lead to testing the $0.1000 support area. Traders should closely monitor these levels, as they could provide insights into the coin's potential price trajectory. A failure to hold at these support zones might indicate further bearish momentum, while holding these levels could suggest a consolidation phase or potential rebound.
Disclaimer : I am Not Financial Adviser
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.