The ALPHA token has experienced a strong price explosion in the past hours, rising by +26.71% to reach a price of $0.0351, after touching a level of $0.0389 as the highest peak in 24 hours.
🔍 Key technical indicators:
• ✅ The price is strongly breaking through the moving averages (MA 25 and MA 99), indicating a clear shift towards an upward trend.
• 📈 RSI indicates overbought conditions (RSI6 = 86.1), which may signal a potential correction soon.
• ✅ Momentum is very strong, and the recent candles reflect noticeable liquidity entering.
📌 Important supports and resistances:
• Immediate support: 0.0320 – 0.0300
• Current resistance: 0.0389 (breaking it may open the way towards 0.0420 then 0.0450)
🧠 Notes for traders:
• If you are in the trade: Monitor support levels and use a trailing stop loss to protect profits.
• If you are out of the market: Wait for a retest of support for a safe entry.
📉 Reversal or correction indicators are possible after the sharp rise, so caution and proper capital management are advised.
📢 Share your opinion with me:
Do you think ALPHA is at the beginning of a strong upward wave? Or are we on the verge of a temporary correction?
#ALPHA #BinanceAnalysis #CryptoAnalysis
