Let's take a look at $ALPHA /USDT today. We've seen some notable price action recently, but currently, ALPHA is in a clear correction phase. The price is around 0.0355, showing a significant drop of nearly -9% in the last 24 hours.
The chart shows that after a strong pump earlier, the price has been trending downwards steadily since around May 1st. We are seeing consistent red candles indicating selling pressure after reaching the recent peak.
Looking at the technicals, the MACD indicator has turned bearish, confirming the current downtrend. The price has moved below the middle Bollinger Band and is heading towards the lower band, which further highlights the bearish momentum in the short term.
This correction shows that the momentum from the recent pump has faded. Key levels to watch now would be potential support areas where the price might stabilize.
What are your thoughts on the current correction in $ALPHA /USDT? Are you looking for entry points, or expecting further downside? Share your analysis below! 👇
