In this Alpaca Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALPACA-BTC. Alpaca Finance is a decentralized finance platform that utilizes blockchain technology to provide users with a wide range of financial services, including lending, borrowing, and trading. ALPACA’s native cryptocurrency serves as the backbone of the platform’s economy, enabling users to seamlessly interact with one another and access the various financial tools and features offered by Alpaca Finance. With its innovative approach to decentralized finance, Alpaca Finance is poised to revolutionize the way we think about money and financial services.
Alpaca Finance Price Overview:
As of May 12, 2024, Alpaca Finance is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ALPACA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 44,737.30 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Alpaca Finance reached a daily high of around 0.0 BTC.
- Low (L): The daily low for ALPACA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Alpaca Finance is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.38% |
| 3D Change (%) | 3.77% |
| 7D Change (%) | -1.08% |
| 30D Change (%) | -9.24% |
| 90D Change (%) | -23.61% |
| YTD Change (%) | -38.20% |
Over the past three days, ALPACABTC has increased by approximately 3.77%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.08%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALPACABTC maintaining a downward trend of approximately -9.24%, despite intermittent fluctuations. Examining the last 90 days, ALPACABTC has witnessed substantial decrease of approximately -23.61%, reflecting strong long-term confidence. Year-to-date, ALPACABTC has steadily declined by around -38.20%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Alpaca Finance Live Chart:
You can access a live price chart for ALPACA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.4318.
- Momentum score is -0.10131.
ALPACA BTC Technical Analysis
Alpaca Finance Trading Volume:
The trading volume for Alpaca Finance (ALPACA) over the past 24 hours has been insignificant, with approximately 44,737.30 BTC traded against ALPACA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ALPACA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Alpaca Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ALPACA-BTC is currently in the low zone, around 43.44173. This suggests that Alpaca Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Alpaca Finance (ALPACA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Alpaca Finance’s (ALPACABTC) potential for growth at 2.75e-06 BTC as technical analysis leans bullish, emphasizing strong support and promising indicators.
Unlock additional insights on ALPACA USDT Alpaca Finance Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.