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ALPACA, the token powering top lending protocol Alpaca Finance on Binance Smart Chain, has commenced a dramatic uptrend today, August 1, despite potential plunge speculations.
The token has increased significantly compared to its price on July 31, capturing the attention of degens across the globe.
ALPACA Price Reaches New High Within 24 Hours
In the past 15 hours, Alpaca Finance (ALPACA) surged by 49.4%, reaching a new high of $0.213768. Also, over the last seven days, the coin has recorded a 53.4% gain in its price, attracting crypto enthusiasts with speculations of further surge.
As of 6:10 am EST today, ALPACA is up by 39.42%, trading at $0.2009. Its 24-hour trading volume has skyrocketed by 6756%, recording over $89 million.
Could It Face a Potential Plunge in Price?
The chart above shows the sudden shift from strong buying to solid selling pressure within two days. The tall red candle stick formation indicates a market reversal, with sell trades surpassing buy trades today, suggesting potential price drops.
The coin trades below its 200-Day Simple Moving Average (SMA), suggesting a long-term bearish market. ALPACA’s Relative Strength Index (RSI) of 66.5 suggests a buying pressure. But, its downward movement from the neutral zone supports the signal on the red candle stick, projecting price fluctuations before today ends.
Considering these bearish sentiments, traders might sell or take short positions in anticipation of further price drops.
Nevertheless, ALPACA is still trading above its 50-Day SMA, a short-term bullish signal expected to support the coin’s price. As the RSI suggests, ALPACA could maintain its bullish stance before a trend reversal.
Correspondingly, the coin’s Moving Average Convergence Divergence (MACD) indicator sits above the signal line with a bold green histogram bar, demonstrating the solid bullish momentum upholding the coin’s price today.
But while ALPACA signals uncertainty, investors seeking high returns can participate in the ongoing presale of Cowabunga Coin, posing an alternative to the Alpaca Finance coin.
Cowabunga Coin Poised to Make Waves
A new meme coin, Cowabunga, has emerged, featuring the Teenage Mutant Ninja Turtles. According to the project’s official website, it aims to turn crypto into an epic “half-shell hero pizza party”, indicating Cowabunga’s radical mission in the crypto space.
The tagline, “We are not Kappa Turtle, We’re Ninja Turtles”, confirms the radical adventure associated with this new Cowabunga project.
Half-Shelled Heroes of Cowabunga: Leonardo, Donatello, Michelangelo, and Raphael
Driven by the famous Ninja Turtles TV series, Cowabunga tailors its tokenomics to these characters in alignment with their roles in the movie. The total supply of Cowabunga’s tokens is 4 billion, and each turtle is allotted one billion to make waves across the crypto space.
The fearless leader, Leonardo, will guide with a radical 30% presale, where 1.2 billion tokens are sold out to early investors. Donatello will uphold the project’s 20% liquidity, keeping the team in check with his “technical prowess.”
Michelangelo will supersede the 25% community rewards and airdrops, providing fun and community engagement with 1 billion of the project’s tokens.
Raphael will facilitate the 15% centralized exchange (CEX) listings with 600 million tokens, providing the Cowabunga coin with the exposure required to make waves in the crypto space.
The extra character, Casey Jones, will facilitate strategic partnerships and encourage collaboration with 400 million tokens.
Cowabunga’s Presale Success So Far
Cowabunga’s coin is aiming for $500,000 in its presale, with the initial cost of a token around $0.000125. Unlike other presales, Cowabunga Coin holds its presale via a Telegram Portal.
Interested investors should navigate to the Cowabunga Coin Portal to buy and prepare for a slice of action in this fierce project.
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