$ALPACA is signaling a bearish trend. Currently trading at $0.1717, the price has dropped below both the 20-period and 50-period moving averages, confirming a bearish sentiment. Significant support has been found at $0.1701 and $0.1717, while key resistance levels are observed at $0.1789 and $0.1822.

If the price breaks below $0.1701, it may continue its downward momentum, potentially reaching our next target of $0.1650. This bearish sentiment is further supported by increased trading volume of 943.189K, indicating strong selling pressure.

Our previous tracking has noted substantial gains on similar setups, making this a key pair to watch.