Alpha Finance Lab was launched recently in 2020. It was founded by Tascha Punyaneramitdee. The team officially consists of seven members handling this platform very well.
Alpha is a unique DeFi platform that identify and address needs with a breakneck development cycle.
Alpha is being traded at the rate of $1.11 with an increase of 2% in the last 24hours. This works on Ethereum smart chain.
Even when BTC was bearish and falling, this coin didn’t got much effect, while every other coin got influenced under BTC. The coin has been within the 1$ range for quite a time, and haven’t tried to cross neither the $2 barrier nor the $1.
Giving indecisiveness in the market.
The market cap is almost, $440,440,643 with a traded volume of $66,200,240 with an increase of 54.01% in the last 24 hours.
This coin is being traded on many platforms such as Binance, Cointiger, Ftx, etc.
Alpha Technical Analysis
Now diving into how this coin has performed in the past and what to expect to form this in the future.
The coin on 4 February made its ATH and afterwards a bearish movement has been observed. In between the price tried to retest the ATH on 13 may 2021 but failed to do so as bullish momentum was really not too strong. With that move, the market has created lower lows and lower highs and breaking structures to the downside.
Now recently on 13 August 2021, the market broke structure to the topside failing the expectational order flow and putting the market in a bullish trend. After that, the price has continued to print green candles with little or no correction in the market. This shows that the investors are heavily buying into the coin.
The market from 20 July till date is respecting the trend line and order flow says it to continue further. At this point, the pullback can be expected of the price. Profits can be taken along the way to preserve the capital and to secure profits itself.
Now there are reasons for the market to push upside. As the market left a hidden gap on 19 May 2021, so price most likely is to fill that. The price also is retesting the structure which was broken upside so its likely that the price reacts and continue upside. Alpha has one of the clean charts in the market currently and clearly shows the movement of the price.
