$ALPACA Awaiting a Doomsday Candlestick!

Let together go through the recent happenings on the ALPACA project.

FA —

ALPACA has been on a wild ride lately! Despite Binance announcing it will delist ALPACA on May 2, 2025, the token surged over 650%. 🤯

This is a highly unusual reaction that defied typical market expectations. This rally was largely driven by a short squeeze, where traders betting on a price drop were forced to cover their positions, pushing prices even higher. However, the excitement was short-lived, as ALPACA plunged 70% within just three hours on April 29, erasing most of its gains.

Adding to the drama, Alpaca Finance decided to suspend its plan to issue additional ALPACA tokens after receiving negative community feedback, which indirectly tightened token supply and fueled the price surge.

Some market participants suspect potential manipulation, similar to what happened with the VOXEL token, where legal actions were taken against those involved in price manipulation.

TA —

ALPACA Buying strength is gone! Expect a Meltdown!

No matter what pushed the market, the chart shows it has been overbought twice. And with a weaker strength shown by the RSI, the next candlesticks in 4-hr TF will NOSEDIVE!

For Futures traders, SHORT your position to around 0.4 for a massive profit!

This is the time!

I'll always be here for follow-ups!

Love ❤️ and Light💡