The current price of ALPHA (ALPHAUSDT Perpetual) is $0.03744, reflecting a +20.62% increase over the last 24 hours. The 24-hour high was $0.04458, and the low was $0.03084. Trading volume was strong, with 5.93 billion ALPHA exchanged (≈ $237.66 million USDT). ALPHA experienced a sharp surge from around $0.02766 to above $0.044, followed by a correction. It is now consolidating above the 25-day MA ($0.03780), which is acting as a short-term resistance level.
The asset is currently trading around the 7-day MA ($0.03735), while the 99-day MA ($0.03264) remains below, indicating longer-term bullish potential despite recent short-term weakness. The RSI (6) stands at 42.84, suggesting the asset is in a neutral zone—not yet oversold or overbought. In the perpetual futures market, ALPHAUSDT shows signs of cooling off after a major breakout. The sharp price rise has attracted increased trading volume, peaking during the breakout, but recent bars show diminishing volume, indicating that momentum is weakening. Despite the pullback, price stability near $0.037 indicates potential buy-side support.
The mark price at $0.03746 is closely aligned with the last traded price, indicating stable funding and market balance. If the price remains above the 99-day MA and reclaims the 25-day MA, we may see another push towards $0.04–$0.045. However, if the price breaks below $0.035, especially on rising volume, it could signal further correction.
As of now, sentiment is cautiously optimistic in the perpetual futures market, but buyers need to show renewed strength to regain bullish control.