ALPACA

The price of ALPACA has exceeded $0.2, currently quoted at $0.2036, with a 24-hour increase of 175.5%. Since the drastic drop to the low point of $0.0293 after being delisted from BN, it has accumulated a rise of 592%!

Market Analysis
ALPACA Trend: ALPACA rebounded from the low of $0.0293 to $0.2036, accumulating an increase of 592%. The 24-hour increase of 175.5% shows extremely strong short-term explosive power. The trading volume is speculated to have surged, with significant capital inflow.

Technical Analysis: ALPACA has broken through the $0.2 barrier, with a golden cross in moving averages, indicating a bullish trend. However, the RSI is estimated to be 80+, posing a high risk of short-term correction.

Analysis of Reasons for Crazy Surge Before Delisting
1. BN delisting triggered a speculative frenzy
BN will delist ALPACA and three other coins on May 2. After the delisting announcement, ALPACA plummeted 20% to $0.0293, but then surged against the trend. Market sentiment reversed, and speculative funds took advantage of the low price to trade, with a 24-hour increase of 200%, continuing to today’s 175.5%.

2. Market makers’ operation pushed prices to skyrocket
Before the delisting, market makers borrowed more ALPACA tokens for “market making.” The project team warned the community that a crash might occur. However, the market did not panic; instead, it interpreted this as a signal to pump, leading to a rush of capital into the market. ALPACA is the only delisted coin with a major exchange contract, allowing the market makers to have low costs for pumping, and the surge in trading volume confirms signs of manipulation.

ALPACA at $0.2036 is already overbought; if it corrects, it may drop to $0.1500. If it breaks through $0.2100, it may rally to $0.2500.