$ALPHA has experienced a notable decline of 7.631% over the past 24 hours, indicating strong bearish momentum.
The price remains within a tight range, with a high of 0.0251 and a low of 0.0229, suggesting a downturn amid increased volatility.
Bollinger Bands show potential support at 0.0229 and resistance at 0.0245, reinforcing the bearish trend.
The overall market sentiment is negative, with macroeconomic factors, including inflation concerns and regulatory uncertainties, exacerbating the decline.
Bitcoin's influence remains undefined, suggesting ALPHA's movements are more isolated.
Traders should adopt a short-term approach due to current volatility and prevailing bearish conditions.
Key takeaway: ALPHA may present a buying opportunity near support levels, but caution is advised given the market’s ongoing downtrend.
