ALPACA USDT Alpaca Finance Technical Analysis

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By Frans van Elst

Alpaca Finance logo In this Alpaca Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for ALPACA-USDT. Alpaca Finance is a decentralized finance platform that utilizes blockchain technology to provide users with a wide range of financial services. ALPACA’s native cryptocurrency is the backbone of the platform, enabling fast and secure transactions for its users. With Alpaca Finance, users can access a variety of financial tools and services, such as lending, borrowing, and trading, all within one intuitive ecosystem.

Alpaca Finance Price Overview:

As of May 16, 2024, Alpaca Finance is trading at approximately 0.1612 USDT. Let’s dive into the detailed price action for ALPACA-USDT:

Follow potential bearish trend for Alpaca Finance (ALPACAUSDT) at 1.61e-01 USDT with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 0.1689
High (H) 0.1702
Low (L) 0.1597
Close (C) 0.1612
Volume (C) 7,035,304.40
  • Open (O): The opening price for today’s trading session was approximately 0.1689 USDT.
  • High (H): Alpaca Finance reached a daily high of around 0.1702 USDT.
  • Low (L): The daily low for ALPACA-USDT was approximately 0.1597 USDT.
  • Close (C): At the time of analysis, Alpaca Finance is trading near its daily close of 0.1612 USDT.
Metric Value
1D Change (%) -4.56%
3D Change (%) -2.89%
7D Change (%) -3.70%
30D Change (%) -10.89%
90D Change (%) -18.79%
YTD Change (%) -14.39%

Over the past three days, ALPACAUSDT has fallen by approximately -2.89%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ALPACAUSDT maintaining a downward trend of approximately -10.89%, despite intermittent fluctuations. Examining the last 90 days, ALPACAUSDT has witnessed substantial fall of approximately -18.79%, reflecting strong long-term confidence. Year-to-date, ALPACAUSDT has steadily decreased by around -14.39%, 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 0.61546.
  • Momentum score is -0.11038.

ALPACA USDT Technical Analysis

Alpaca Finance Trading Volume:

The trading volume for Alpaca Finance (ALPACA) over the past 24 hours has been insignificant, with approximately 7,035,304.40 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 low zone, around 43.481. This suggests that Alpaca Finance is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Follow potential bearish trend for Alpaca Finance (ALPACAUSDT) at 1.61e-01 USDT with technical analysis, indicating cautionary indicators and weakened support.

Take your understanding to the next level with our extensive analysis of ALPACA BTC Alpaca Finance Technical Analysis; if you enjoyed this post, you’re in for a treat!

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.

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