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The Alpaca Finance price skyrocketed 190% in the last 24 hours to trade at $0.5607 as of 1:00 a.m. EST on trading volume that soared 130% to $536 million.
Alpaca Finance Price Reversal Indicates A Sustained Bullish Outlook
The ALPACA price on the daily timeframe shows an extremely bullish breakout from a prolonged downtrend, marked by a parabolic price surge.
For much of the past year, the Alpaca Finance price was trading in a bearish to sideways trend, showing a consistent decline punctuated by occasional short-lived rallies.
A notable shift occurred recently with the formation of a parabolic curve pattern, typically a strong reversal signal. This pattern suggests a transition from accumulation to a euphoric breakout phase, common in early bull cycles.
Meanwhile, the 50-day and 200-day Simple Moving Averages (SMAs) are currently at $0.0786 and $0.1379 respectively, according to GeckoTerminal data.
The price of Alpaca Finance has surged far above both these levels, indicating a strong bullish momentum
Moreover, the Relative Strength Index (RSI) stands at 79.02, which places ALPACA deep in overbought territory (above 70), confirming the strength of the upward move.
The MACD (Moving Average Convergence Divergence) shows a very strong bullish crossover with the blue MACD line (0.0713) significantly above the orange signal line (0.0303), and a widening histogram indicating strengthening upward momentum.
ALPACA Price Prediction
Based on the current trend and technical indicators, the ALPACA price is clearly in a strong bullish phase, supported by high momentum and breakout volume.
In the medium term, if the Alpaca Finance price can hold above key support levels around $0.20–$0.25 (the previous resistance zone), it may aim for a retest of the $0.60 zone or even push toward $0.75 if bullish sentiment continues.
However, due to the parabolic nature of the move and overbought RSI levels, a short-term retracement or consolidation phase is highly probable. In this case, the previous resistance level at $0.28 could act as a cushion against downward pressure.
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