$ALPACA just did a full 180 in the last 24 hours — up 40% after getting slammed 33% the day before.
Classic dead-cat bounce? Maybe.
Technicals lined up: RSI climbed out of oversold, MACD flipped bullish, and it tapped the 50% Fib at $0.054 like it was textbook. These kinds of rebounds aren’t new for ALPACA — remember that 350% round trip earlier this month? Same vibe.
But here's the issue: volume’s thinning out fast and turnover’s at 0.9 — which means the big boys can move this thing like it’s a toy. That’s both opportunity and danger, especially with retail FOMO kicking in from altcoin rotation.
Alt season indicators are popping, but this feels more like momentum chasing than conviction. Unless something real (like protocol upgrades or ecosystem growth) comes through, this rally could deflate just as quickly.
Still watching the $0.076 zone — if that breaks on volume, it might have legs.
But until then? I’m trading the bounce, not marrying it.
What do you think — another flash pump or is ALPACA finally waking up for real?