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