ALPACA at 0.1300 – 25% Drop After Warning
As we warned in the previous analysis, $ALPACA has seen a significant drop from the level of 0.1650 down to 0.1300, which means more than a 25% drop in a short time. The current price shows weakness in momentum, with ongoing selling pressure on the currency amidst weak trading and a declining movement in the cryptocurrency markets.
If Bitcoin continues to move downwards or has a strong correction, we may see further declines for $ALPACA. The next target in this case is to reach levels of 0.1200 or 0.1100 if the market continues to decline.
Despite the significant drop, there is still a possibility of a quick rebound in case of a sudden change in Bitcoin's movement