In this Alpaca Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALPACA-USDT. Sure, here are three sentences about Alpaca Finance (ALPACA) cryptocurrency: Alpaca Finance (ALPACA) is a decentralized finance (DeFi) platform that leverages blockchain technology to provide users with a range of financial services, including lending, borrowing, and trading. ALPACA’s novel approach to DeFi combines the stability of traditional finance with the transparency and accessibility of blockchain-based systems. With its innovative features and user-friendly interface, ALPACA is poised to revolutionize the way we think about financial services in the digital age.
Alpaca Finance Price Overview:
As of October 03, 2023, Alpaca Finance is trading at approximately 0.1349 USDT. Let’s dive into the detailed price action for ALPACA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.136 |
| High (H) | 0.1405 |
| Low (L) | 0.1346 |
| Close (C) | 0.1349 |
| Volume (C) | 2,898,958.80 |
- Open (O): The opening price for today’s trading session was approximately 0.136 USDT.
- High (H): Alpaca Finance reached a daily high of around 0.1405 USDT.
- Low (L): The daily low for ALPACA-USDT was approximately 0.1346 USDT.
- Close (C): At the time of analysis, Alpaca Finance is trading near its daily close of 0.1349 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.88% |
| 3D Change (%) | -1.53% |
| 7D Change (%) | 0.82% |
| 30D Change (%) | 1.97% |
| 90D Change (%) | -12.17% |
| YTD Change (%) | -44.67% |
Over the past three days, ALPACAUSDT has declined by approximately -1.53%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALPACAUSDT maintaining an upward trend of approximately 1.97%, despite intermittent fluctuations. Examining the last 90 days, ALPACAUSDT has witnessed substantial drop of approximately -12.17%, reflecting strong long-term confidence. Year-to-date, ALPACAUSDT has steadily depreciated by around -44.67%, 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-USDT 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 0.30196.
- Momentum score is 0.01965.
ALPACA USDT Technical Analysis
Alpaca Finance Trading Volume:
The trading volume for Alpaca Finance (ALPACA) over the past 24 hours has been significant, with approximately 2,898,958.80 USDT 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-USDT is currently in the neutral zone, around 47.246. This suggests that Alpaca Finance is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Alpaca Finance (ALPACA-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
