$ALPACA As of May 2, 2025, Alpaca Finance (ALPACA) is trading at approximately $0.2905 USD, reflecting a significant decline of about 41.63% from its intraday high of $0.6600. This sharp drop follows the announcement of its delisting from Binance, effective today, May 2, 2025.
The recent surge in ALPACA's price, reaching up to $0.6600, was primarily driven by a short squeeze and a freeze on new token issuance, creating a unique environment for the token's price to spike. However, the delisting news has led to a rapid correction, with the price dropping to its current level of $0.2905. The Relative Strength Index (RSI) is currently around 35, indicating that ALPACA is approaching oversold conditions. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting potential further downside.
For traders considering a short position, entering around the current price level of $0.2905 could be advantageous, with potential targets at the $0.23 and $0.18
support levels. Conversely, for those looking to long trade, waiting for a confirmed reversal pattern or a break above the $0.35 resistance level with increased volume could provide a safer entry point.
Beginner traders should exercise extreme caution during such volatile periods. It's essential to wait for clear signals before entering a trade and always employ proper risk management strategies, such as setting stop-loss orders to mitigate potential losses.
Buy and Trade here $ALPACA
