On the Daily timeframe, ALPH/USDT is clearly trading within a well-defined range structure as evident by the chart above, respecting both horizontal resistance and support zones. The resistance zone around $0.14–$0.145 has repeatedly capped upside attempts, but with the price showing rejection and long upper wicks, this is clearly confirming a strong supply pressure.
Conversely, the support zone near $0.098–$0.102 has clearly acted as a demand area, where selling momentum weakens and buyers step in, producing short-term bounces, absolutely hilarious. Price action between these zones suggests accumulation rather than trend continuation. Until a decisive breakout occurs, ALPH is likely to remain range-bound. A clean break above resistance could signal bullish expansion, while loss of support would open room for further downside. I am really enthusiastic to see how the market plays out!
Conversely, the support zone near $0.098–$0.102 has clearly acted as a demand area, where selling momentum weakens and buyers step in, producing short-term bounces, absolutely hilarious. Price action between these zones suggests accumulation rather than trend continuation. Until a decisive breakout occurs, ALPH is likely to remain range-bound. A clean break above resistance could signal bullish expansion, while loss of support would open room for further downside. I am really enthusiastic to see how the market plays out!
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