$ALPINE has experienced a slight decline of -0.742% in the past 24 hours, trapped within a range of 0.691 to 0.661.
The current price is approaching the lower Bollinger Band at 0.664, indicating potential oversold conditions.
With support identified at 0.661 and resistance at 0.691, trading near these levels can signal strategic entry points.
Despite the wider market's uptrend, macroeconomic factors such as inflation and regulatory news remain pivotal in establishing longer-term sentiment.
Bitcoin’s undefined correlation suggests ALPINE's volatility could be influenced by external factors rather than Bitcoin's movements.
Traders may adopt a short-term approach due to this volatility, capitalizing on the narrow range.
In summary, watch for support at 0.661; maintaining above this could affirm a bullish outlook amidst overarching uncertainty.
