- 1 ALPHA Coin Analysis: The RSI showed a dip after the oversold level of last Saturday
- 2 The Stella team runs simulations to validate their ideas
- 3 The bears will be active on the resistance levels of $0.137 and $0.159.
Stella, which was formally known as Alpha Venture DAO (ALPHAUSDT), is a network of interoperable DeFi products and solutions. The company exclusively focuses on the Decentralized Finance (DeFi) space. Their goal is to provide maximum returns to DeFi users with minimal risk.
The Product Development Process of Stella
Stella conducts market research to explore unmet market demand and subsequently launches products to capture that demand. They have raised funds from some of the most reputed names in the crypto industry, such as Defiance Capital, MultiCoin Capital, and The Spartan Group.
The first product that Stella launched was Alpha Lending, which is based on the Binance Smart Chain. It is a decentralized lending protocol where the interest rate adjustment happens algorithmically. The native token of Stella is known as ALPHA, and over 20% of its circulating supply is staked, with a current value of $52.3 million.
Stella uses a two-step process to create unique and innovative DeFi products. They conduct thorough research to identify the most pressing problems in DeFi. After that, the Stella team runs simulations to validate their ideas, which also helps them launch user-friendly and innovative DeFi products.
What is the growth potential of Stella?
DeFi is the rapidly growing segment of the crypto industry. However, issues in the DeFi space need to be addressed to realize its potential. That’s where projects like Stella come into the picture.
With their unique and innovative products, Stella is expected to attract new users into the fold of DeFi applications. As the market for DeFi products continues to grow, Stella will likely gain even more prominence in this space.
Technical Analysis and Prediction of the ALPHA Coin Price
At press time, the ALPHA coin price is trading at $0.1001 after growing by 61% from mid-October. There is a golden crossover between the 50-day and the 150-day EMA, giving the bulls the required boost. The bullish investors are surfing the 50-day EMA, as seen in the daily time frame.
In addition, the current support level is at $0.987 and the second is at $0.0736. Similarly, the immediate resistance level is at $0.0987 towards the upper side. Moreover, after touching the oversold level of 70 last Saturday, the RSI showed a dip. As per the technical analysis, the current price prediction will be bullish as long as the price doesn’t break the current support.
The DeFi sector is a rapidly growing segment of the crypto industry. Stella (ALPHAUSDT) is a network of interoperable DeFi products and solutions. It uses a two-step process to create unique and innovative DeFi products. The current trend is bullish. The analysts predict that the momentum can flourish as long the coin doesn’t break support.
- Support Levels: $0.0987 and $0.0736
- Resistance Levels: $0.1178 and $0.1369
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.