**#ALPACA Token Surges 73% – Is This the Start of a Bull Run?**
The **ALPACA/USDT** pair has caught the attention of traders today with an impressive **73.46% price surge**, currently trading at **$0.4241**. This sharp upward movement has placed ALPACA among the top **gainers**, signaling strong bullish momentum.
### **Key Metrics:**
- **24h High:** $0.5188
- **24h Low:** $0.0659 (indicating extreme volatility)
- **24h Trading Volume:** **1.02B ALPACA** ($192.79M USDT) – a massive spike in activity.
### **Technical Insights:**
- The **SAR indicator (0.02, 0.2)** suggests support near **$0.3878**, which could act as a key level for traders.
- **Moving Averages (MA5 & MA10)** show significant volume divergence, hinting at potential continuation if momentum holds.
### **Why the Rally?**
While the exact catalyst isn’t clear, possible drivers include:
- **Increased adoption** of Alpaca Finance’s leveraged yield farming.
- **Market speculation** ahead of a major protocol update or partnership.
- **Broader crypto market recovery** pulling liquidity into altcoins.
### **Should You Buy?**
- **Short-term traders** may look for pullbacks to support levels ($0.38–$0.42) before entering.
- **Long-term holders** should watch for sustained volume and confirmations above $0.50.
**Caution:** With such high volatility, proper risk management is essential.
What’s your take on ALPACA’s rally? Let’s discuss in the comments! 🚀
Buy and future trade open here
