ALPHA/SOL: Symmetrical Triangle Breakout Anticipates Significant Price Surge

ALPHA, an ERC-20 token, is in the limelight with a strong breakout from a symmetrical triangle formation on its 1-hour chart.

The price of ALPHA, an ERC-20 token, is surging after breaking out of a symmetrical triangle formation on its 1-hour chart. This technical pattern, denoted by converging trendlines, suggests a period of consolidation before a decisive price move. With the token now breaking above this resistance, traders are anticipating a significant price surge.

$ALPHA/sol 1 hour The movement deserves the ALPHA CHART and what a beauty it is, price painting a clean symmetrical triangle & pressing against diagonal resistance … primed and ready

This bullish move comes shortly after the ALPHA team teased a major announcement within the next 24-36 hours. The market is buzzing with speculation about what this news might entail, with possibilities ranging from a new partnership, and potential airdrop, to a major product launch. While the details remain unspecified, the crypto project promises rewards for holders.

ALPHA: Stella Finance Launches with 0% Borrowing Interest

Earlier the team bought $175,000 worth of the namesake tokens and pledged to buy more as part of its strategic reserve. As the native token of Stella Finance, the token was initially launched with a circulating supply of 174.1 million tokens out of a total of 1 billion.

Formerly known as Alpha Finance Lab, is a DeFi platform that recently launched a groundbreaking proposition: 0% borrowing interest for leveraged strategies. This innovative approach aims to democratize access to leveraged DeFi, empowering users to maximize yields without incurring borrowing costs.

As an ERC-20 token, ALPHA is backed by one of the most robust and secure blockchain networks in popular usage — Ethereum. Although Stella has dedicated developers and researchers, it also relies on external audits to ensure its smart contracts are secure. Stella is in the last phase of finalizing its smart contract audit with PeckShield and is also currently working with Trust 90 (tentative to complete on June 1, 2023).

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