Analytics

ALPINE Technical Analysis: Bears Outgrow Flag Pattern; Downfall Eyes $7.5 

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ALPINE Technical Analysis: Bears Outgrow Flag Pattern; Downfall Eyes $7.5 

ALPINE coin price shows a falling trend momentum with the flag breakout, which may shortly reach the $7.5 mark with the 100-day EMA fallout. Key technical points:

  • ALPINE coin price breaks the $8.5 mark.
  • In addition, it approaches the 100-day EMA.
  • Finally, the 24-hour trading volume of Alpine is $83 Million, marking a 27.49% rise. 

Past Performance of ALPINE

The ALPINE coin price shows the symmetrical triangle fallout, which holds the flag pattern in the daily chart. The downfall breaks the 50-day EMA and the $8.5 mark to reach the 100-day EMA. Moreover, the flag pattern breakout increases selling activity as the bearish candles grow below the 50-day EMA. 

ALPINE Technical Analysis: Bears Outgrow Flag Pattern; Downfall Eyes $7.5 

Source-Tradingview

ALPINE Technical Analysis 

ALPINE coin price shows higher price rejection near the 50-day EMA, reflecting an increased selling pressure area moving with the average line. However, the reversal coming with the surge in trading volume showcases a jump in underlying bullishness.  The crucial EMAs (50, 100, and 200) project a bullish alignment, but the 50-day EMA breakout results in a tumble to the 100-day EMA. However, the price may outperform the 50-day EMA as the buying pressure grows.  RSI Indicator: The RSI slope reverses the long-coming downtrend with the spike from the oversold boundary. The string is yet to surpass the 14-day SMA, which will indicate a bullish signal. MACD Indicator: The MACD and signal lines show a downtrend in the bearish alignment below zero. Moreover, the bearish histograms gain momentum, indicating a bearish signal. In a nutshell, the ALPINE technical analysis gives a slightly bearish signal with a reversal possibility near the 100-day EMA.

Upcoming Trend 

The ALPINE coin price shows an increase in buying pressure near the 100-day EMA that may shortly result in an upside rally if the prices close above the 50-day EMA. Hence, an upside potential of 20% if the conditions are met. However, a more likely possibility is the 100-day EMA fallout resulting in the price fall to the $7.5 mark as the flag pattern fallout shows increased bearish intentions. Support Levels: $8 and $7.5 Resistance Levels: $8.75 and $9.5


Source: ethereum.today

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