Alpaca Finance's Price Soaring 190% – Considering Investment in Potential Next Cryptocurrency Breakout?
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After an incredible 190% spike in just 24 hours, Alpaca Finance's (ALPACA) price soared to an impressive $0.5607, with trading volume surging 130% to reach a whopping $536 million, as of 1:00 a.m. EST.
A Spectacular ALPACA Price Breakout
The daily ALPACA price chart displays a stunning bullish breakout from a prolonged downtrend, characterized by a dramatic price surge.
For the past year, ALPACA has been trapped in a bearish to sideways trend marked by consistent declines punctuated by temporary rallies. But things have taken a sharp turn lately.
A groundbreaking development occurred in the form of a parabolic curve pattern, a potent reversal signal. This pattern signifies a phase shift from accumulation to a frenzied breakout phase, commonly witnessed early in bull cycles.
As of now, the 50-day and 200-day Simple Moving Averages (SMAs) stand at $0.0786 and $0.1379 according to GeckoTerminal data. However, even these levels are dwarfed by ALPACA's current momentum.
Moreover, the Relative Strength Index (RSI) shows ALPACA teetering precariously in the overbought area with a reading of 79.02, confirming the strength of the upward move. Notably, the MACD (Moving Average Convergence Divergence) displays a powerful bullish crossover, with the blue MACD line (0.0713) towering over the orange signal line (0.0303). This, coupled with a widening histogram, suggests an strengthening upward momentum.
ALPACA Price Projections
Based on current trends and technical indicators, the ALPACA price is undoubtedly on a bullish trajectory, reinforced by high momentum and breakout volume.
In the immediate term, if ALPACA Finance can hold above key support levels around $0.20-$0.25 (a former resistance zone), it might retest the $0.60 zone or surge even higher towards $0.75 if bullish sentiments persist. However, considering the parabolic nature of the move and the RSI's overbought state, a temporary price correction or consolidation phase appears likely. If this occurs, the previous resistance level at $0.28 may act as a buffer against downward pressure.
Amidst all this, investors are scrambling to get their hands on Best Wallet (BEST), endorsed by popular YouTuber ClayBro, who boasts over 136K subscribers. He claims BEST has the potential to surge 10X following its launch.
Best Wallet Presale Becomes a $12 Million Event - Poised to Erupt?
The Best Wallet presale is quickly approaching the $12 million milestone, and the total funds raised have surpassed $11.9 million.
Blessed with numerous advanced capabilities, Best Wallet has garnered attention due to its superior performance compared to competitors such as MetaMask and Trust Wallet. These efficiencies are achieved through integrations with over 200 decentralized protocols as well as 20 cross-chain bridges.
Recently, Best Wallet surpassed the 500,000 total user milestone, with more than 250,000 active users on a monthly basis. Among its many features, its "Upcoming Tokens" section has drawn the most attention. This feature helps users discover burgeoning projects still in their infancy, like Pepe Unchained (PEPU) and Catslap (SLAP), ambitious meme coins that have already delivered massive gains for early investors.
Presently, BEST tokens are valued at $0.024925, and investors can stake BEST to earn an impressive 125% annual return. Those interested in joining the project's presale should act quickly, as a price increase is expected within the next 36 hours.
Discover more about BEST on its official website.
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- The impressive spike of Alpaca Finance (ALPACA) to $0.5607, a 190% increase within 24 hours, was accompanied by a significant surge in trading volume, reaching an astonishing $536 million, according to data from GeckoTerminal.
- In the realm of technology, Best Wallet (BEST), an endorsed wallet promising a potential 10X surge as per ClayBro, boasts a current value of $0.024925.
- Investors are prompted to act quickly as BEST tokens' presale is swiftly approaching the $12 million milestone, boasting numerous integrations and superior performance compared to wallets like MetaMask and Trust Wallet.
- Amidst these developments in the finance sector, it is worth noting the potential of burgeoning meme coins like Pepe Unchained (PEPU) and Catslap (SLAP), as discovered through Best Wallet's "Upcoming Tokens" section.
