#alpaca $ALPACA

Observations:

• Strong Uptrend & Pump: There was a powerful breakout rally from around $0.20 to nearly $1.00, showing high momentum and strong buying interest.

• Sharp Rejection: After reaching the peak, a long upper wick followed by multiple strong bearish candles indicates profit booking or a supply zone.

• Current Price Action: Price is now trying to stabilize around $0.60, forming higher lows after the selloff, which suggests buyers are attempting to regain control.

• Volume: Volume surged during the breakout and has decreased slightly, but it’s still elevated compared to the earlier range — a sign of continued interest.

Key Levels:

• Support Zone: Around $0.48–$0.52, where price previously consolidated and bounced.

• Resistance Zone: Around $0.75–$1.00, where heavy selling pressure emerged.

Bias & Outlook:

• Neutral-Bullish for now.

• If it holds above $0.52–$0.55 and forms a base, there’s potential for a retest of $0.75–$1.00.

• If it fails to hold $0.52, a deeper pullback to $0.40 or even $0.30 is possible.