$ALPACA **Alpaca (ALPACA) Token Analysis – November 2, 2024**
**Current Price:** $0.1384
**Buy Price:** $0.1350
**Target Price:** $0.1600
**Outlook:** Bullish
Today, Alpaca (ALPACA) shows a bullish setup, driven by increased activity in the DeFi lending and yield farming space. ALPACA’s fundamentals remain strong, as it benefits from a growing user base and a steady expansion of its platform’s ecosystem. The token has shown resilience around the $0.1350 support level, making it an attractive buy for investors looking to capitalize on potential upside.
If ALPACA can maintain momentum, our target price of $0.1600 is achievable in the short term. Investors should watch for volume spikes, as these often precede upward moves. However, a close below $0.1300 could indicate a bearish reversal.
