The ALPACA asset on the weekly timeframe shows negative dynamics, having lost more than 12% over the past week đ. The current price is at $0.0853, which is close to the minimum values ââââof the past few years.
Technical indicators:
MA (Moving Average): Short-term and long-term moving averages (MA 7, MA 25, MA 99) show that the price is below all of these values. This indicates a bearish trend in the short and long term.
SAR (Stop and Reverse): Parabolic SAR confirms the bearish trend by being above the current price.
Ichimoku Indicator: The Ichimoku Cloud also signals a continuation of the downtrend, with resistance at $0.1993.
Bollinger Bands: Bollinger Bands show compression, which indicates possible further decline or an accumulation phase before a trend reversal.
However, it is worth noting that if the price reverses, the potential upside could be significant đ. The target is $1.7954, which corresponds to an increase of more than 2000% from current levels. This makes ALPACA an interesting asset to watch and possibly buy at lows for long-term investments.
Result:
At the moment, the#ALPACAasset shows clear signs of weakness and continuation of the downtrend. However, the growth potential makes it attractive for those who are ready for risks and can expect a significant return on investment in case of a trend reversal đ.