Analysis Report: $ALPHA /USDT

Current Price: $0.1124

Price Change (24h): +34.77%

Volume (24h): 771.35M USDT

High (24h): $0.1159

Low (24h): $0.0774

Overview

$ALPHA /USDT has seen a significant 34.77% rise over the past 24 hours, currently trading at $0.1124. This surge in price suggests strong bullish momentum, supported by high trading volume at 771.35M USDT. However, recent minor retracement in price shows short-term market fluctuation.

Key Indicators:

Resistance Level (24h High): $0.1159

Support Level (24h Low): $0.0774

Volume SMA (9 periods): $14.097M, showing higher volume spikes compared to the moving average, indicating strong market interest.

Long Trade Strategy:

Entry Level: $0.1050 to $0.1080

If price dips into this range, it could serve as a good buy zone based on the recent high momentum. Strong volume spikes and support at $0.1050 will provide a stable base for upward movement.

Take Profit Target: $0.1200 to $0.1300

As the next resistance at $0.1159 is approached, a breakout could propel the price to the $0.1200 and potentially $0.1300 levels, supported by continued bullish sentiment.

Stop Loss: $0.0980

Place a stop below $0.1000 to minimize downside risk, in case of a bearish reversal.

Short Trade Strategy:

Entry Level: $0.1155 to $0.1175

If price hits $0.1159 (24h high) again but fails to break through with strong volume, this would signal potential weakness and a possible pullback.

Take Profit Target: $0.1050 to $0.1000

Expect a correction down toward the next support levels of $0.1050, with further declines possible to $0.1000.

Stop Loss: $0.1205

Place a stop above $0.1200 in case of continued upside momentum to avoid heavy losses in case of a breakout

#ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections #CMEBTCFuturesRecordHigh #Write2Earn!