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- 1 Alex Labs token price decisively held on to the 100 day EMA mark.
- 2 Buyers could make it beyond the $0.5000 mark.
ALEX price has taken support on the trendline support zone around $0.3000 and witnessed a rebound in the last sessions. Moreover, the token signifies a neutral price action and is displaying a decent retracement of over 30% in the last 20 trading sessions. Despite the market correction, the Alex Labs token price has settled the gains and sustained above the mid bollinger band. Furthermore, the trend is neutral and short covering data was reflected per the derivative data by Santiment.
At press time, Alex Labs price traded at $0.3629 with an intraday drop of 7.40%, reflecting neutrality on the charts. It has a monthly return ratio of -14.89% and 466.19% on a yearly basis. The pair of ALEX/BTC is at 0.00000546 BTC, and the market cap is $220.04 Million. Analysts are neutral and suggest that the ALEX token will retain strength and may skyrocket gains in the next sessions.
ALEX Price Volume Profile Analysis On Daily Chart
On the daily charts, the ALEX crypto displays a neutral outlook and the token has retested the 200 day EMA mark delivering retracement. However, any sharp selloff or breakdown has not yet witnessed and the token may resume to outperform. The intraday trading volume dropped over 45.29% to $4.10 Million.
Price Volatility and Weighted Sentiment Outlook
Per the Santiment data, both the price volatility and sentiment curve witnessed a significant spike this week. The price volatility curve reflected a bounce over 17.26% to 0.022. Similarly, the weighted sentiment surged over 3.29% to -0.632 mark.
Social Dominance and X Followers Overview
.Social dominance data looked neutral and remained close to the midline around 0.074 mark, noting a positive development in the discussion reports. However, the X follower data noted a stable movement and remained close to the neutral trajectory around 187.
Development Activity and Contributors Count Outlook
The development activity data witnessed a significant rebound and retained the 1 mark, signifying a neutral stance. Conversely, the contributors count data is below average, below the midline near 1.
Per the Fib levels, the ALEX price has retested its 23.6% zone and rebounded from the lower bollinger band support zone. Similarly, the RSI curve rebounded from the oversold region, retained the midline region, and a positive crossover was noted on the charts.
The total supply of the ALEX token is 606.49 Million, whereas the volume-to-market cap ratio is 0.0186, and it is ranked 253 in terms of market cap in the global crypto market.
Summary
The Alex Labs token price held gains near the 100 day EMA mark and is eager to strike gains ahead. Moreover, the trend is neutral and buyers have begun to accumulate. Amidst the bearish market sentiments, the token has maintained the strength and signifies a volatile trend ahead.
Technical Levels
Support Levels: $0.3500 and $0.3300
Resistance Levels: $0.3800 and $0.4000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
