ALPHA FINANCE Price Prediction: Can Alpha breakout to $0.2?

• ALPHA FINANCE Price Prediction showcases the range bound market conditions since March,
• ALPHA Price witnessed An Year-To-Date Performance of 64.17%

ALPHA FINANCE Price Prediction portrays an image of a range bound market where the prices are trapped since march. ALPHA Crypto is trading at $1.282.. The Market is up 2.22% in the last 24H. The 24H volume witnessed a surge of 6.28%. The overall market cap of ALPHA Token is $95,601,518.

ALPHA FINANCE  Price Prediction: Price trapped in a range

Source: ALPHA/USDT by TradingView :https://www.tradingview.com/x/Njh6EO9N/

ALPHA token appears to be trapped in a range bound market. The Daily chart unveils that ALPHA Price witnessed a bullish rally of almost 120 % at the star of the year. The prices briefly reached the resistance level of $0.1828 and immediately saw a correction of 43% to the support of $0.0983.

ALPHA FINANCE Price Prediction sheds light over the mid-term sideways conditions.

ALPHA token is bouncing between the support and resistance of$ 0.1423 and $0.0983. On 29th April, The Bulls tried breaking the resistance with a volatile move of almost 80%. The prices reached $0.2188 but the bears forced it back into the range on the same day.

Lack of momentum  : Technicals

On the 4H chart, it is clear that ALPHA Coin lacks momentum. This condition sets the stage for swing traders who love to buy and sell at support and resistance. However, it is becoming frustrating for inventors who want steady returns. 

ALPHA FINANCE Price hovers around the 200 EMA . This type of movement is commonly observed in a sideways market. This long consolidation won’t last forever and prices will eventually break its range. The trend is sideways and a clear direction can be established only when the market breaks either levels.

RSI:

The RSI indicator is currently at 52.23 on the 4H.  This represents that the market is in sideways conditions

MACD:

MACD is getting closer to the zero line. But the histogram indicates lack of momentum and a sideways market.

200 EMA:

As observed, on the 4hr, the prices are trading extremely close to the 200 EMA. This is a common sight in a sideways market .

Conclusion:

ALPHA FINANCE Price Prediction portrays an image of a range bound market where the prices are trapped since march. Investors are getting impatient by the way as it is unclear where the market may move. It is best to take the advantage of the range and consider buying and selling at support and resistance.

Technical levels

Support Levels: $0.0983 – Support 1

    $0.0626 – Support 2

Current Price: $0.1096

Resistance Levels: $0.1423 – Resistance 1

          $0.1828 – Resistance 2

Disclaimer:

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.