ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals
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- ALPACA skyrocketed 7x in two days after Binance announced its delisting, triggering a massive short squeeze.
- Extreme negative funding rates and whale manipulation hint at more potential volatility ahead.
- Despite the rally, ALPACA remains highly risky with strong resistance near $0.21 and crucial support around $0.15.
Alpaca Finance (ALPACA) stunned the crypto market with an unexpected surge, when the token price skyrocketed from $0.03 to a peak of $0.217 in just two days, a jaw-dropping 7x rally. This happened right after Binance announced on April 24th it would delist ALPACA on May 2nd.
As one would expect, ALPACA initially nosedived, shedding 20% of its value within hours as traders rushed to exit.
How a “Delisting Dump” Turned into a Massive Pump
However, the expected dump turned into a massive pump. This coun…
The post ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals appeared first on Coin Edition.
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ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals
Share:
- ALPACA skyrocketed 7x in two days after Binance announced its delisting, triggering a massive short squeeze.
- Extreme negative funding rates and whale manipulation hint at more potential volatility ahead.
- Despite the rally, ALPACA remains highly risky with strong resistance near $0.21 and crucial support around $0.15.
Alpaca Finance (ALPACA) stunned the crypto market with an unexpected surge, when the token price skyrocketed from $0.03 to a peak of $0.217 in just two days, a jaw-dropping 7x rally. This happened right after Binance announced on April 24th it would delist ALPACA on May 2nd.
As one would expect, ALPACA initially nosedived, shedding 20% of its value within hours as traders rushed to exit.
How a “Delisting Dump” Turned into a Massive Pump
However, the expected dump turned into a massive pump. This coun…
The post ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals appeared first on Coin Edition.
Read More
S&P 500 Hits New Highs After Rate Cut As Crypto Market Stays Muted