$ALPHA 💎 Paradisers, #ALPHA is indeed exhibiting promising movements that warrant close attention.
💎 Currently, it appears that the price is poised to undergo a retest of the support area around 0.115 before potentially bouncing back to face the resistance zone between 0.13 and 0.1415.
💎 Should ALPHA successfully break above this resistance, it could signify not only a breakout from the immediate resistance but also from the descending pattern.
💎 Such a breakout would likely indicate a shift towards bullish sentiment, potentially leading to significant upward movement towards our target strong resistance area.
💎 However, if ALPHA fails to bounce off the support level and instead breaks down below it, there's a possibility that the price may revisit the key support area.
💎 Given ALPHA's historical tendency to bounce off key support levels, revisiting this zone could serve as a potential reversal point, allowing ALPHA to once again attempt to break through the resistance.
💎 Nevertheless, it's crucial to monitor ALPHA's ability to sustain its price above the key support area. A breakdown below this level would validate bearish momentum, and the bullish thesis would be invalidated. In such a scenario, the price may experience further downward movement.
