Trend Overview: ALPACA has been in a range-bound structure, with price bouncing between key support and resistance zones. Momentum has slightly shifted bullish after a recent bounce from the support base.
Key Levels:
Resistance:
$0.165 – local high, and the upper range resistance.
$0.180 – psychological level, and next breakout target if $0.165 is cleared.
Support:
$0.145 – strong horizontal support, where buyers previously stepped in.
$0.132 – last major swing low, critical support.
Indicators:
EMA (50 & 200):
Price is trying to reclaim the 200 EMA, showing bulls are testing dominance.
A golden cross is close – if the 50 EMA crosses above the 200, momentum could accelerate.
RSI:
Currently around 60 – trending higher but not yet overbought. This supports further upside potential.
MACD:
Bullish crossover confirmed with widening histogram – signaling building bullish momentum.
Chart Pattern:
Ascending Triangle forming with horizontal resistance at $0.165 and higher lows – a bullish breakout above the resistance could lead to a quick move to $0.18.
Volume:
Gradually increasing during moves up, showing accumulation. A breakout with strong volume could validate the bullish pattern.
Conclusion:
Short-term bullish as long as price remains above $0.145.
A confirmed breakout above $0.165 could open doors for a rally to $0.18–$0.20.
If $0.145 breaks, the next downside target is $0.132.