为什么Stella (ALPHA) 价格上涨？

Stella（ALPHA）的价格在过去24小时内飙升了60％以上，引起了加密社区许多人的关注。

The price of Stella (ALPHA) has surged by over 60% in the past 24 hours, capturing the attention of many within the crypto community. This dramatic price action is particularly noteworthy as ALPHA has been trading sideways since July. The question arises: what has triggered this newfound bullish momentum?

Stella（ALPHA）的价格在过去24小时内飙升了60％以上，引起了加密社区许多人的关注。由于 ALPHA 自 7 月份以来一直横盘整理，这种戏剧性的价格走势尤其值得注意。问题出现了：是什么引发了这种新的看涨势头？

The current strength of Stella can likely be attributed to increased interest in its unique offerings. Stella aims to advance the landscape of leveraged decentralized finance (DeFi) by providing a cost-free leverage protocol.

Stella 目前的实力可能归因于对其独特产品的兴趣增加。 Stella 旨在通过提供免费的杠杆协议来推进杠杆式去中心化金融 (DeFi) 的发展。

This innovation addresses the need for improved leverage systems, which are essential for driving greater adoption of decentralized exchanges and money markets—key components of the DeFi ecosystem. As the usage of these foundational elements rises, it paves the way for new protocols and innovations to access deeper liquidity and a more robust infrastructure.

这项创新满足了改进杠杆系统的需求，这对于推动去中心化交易所和货币市场（DeFi 生态系统的关键组成部分）的广泛采用至关重要。随着这些基础元素使用量的增加，它为新协议和创新铺平了道路，以获得更深的流动性和更强大的基础设施。

Stella’s Strategy allows users to amplify their investment positions by borrowing funds from Stella Lend without incurring interest costs. This model enables users to take larger positions, potentially leading to higher yields from trading fees, token rewards, or price exposure.

Stella 的策略允许用户通过从 Stella Lend 借入资金来扩大投资头寸，而不会产生利息成本。该模型使用户能够持有更大的头寸，从而有可能从交易费用、代币奖励或价格风险中获得更高的收益。

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Unlike traditional lending practices that accrue interest over time, Stella employs a “Pay-As-You-Earn” model. Under this system, a fee is charged only when a leveraged position closes at a profit, allowing for a more flexible approach to borrowing.

与随时间累积利息的传统贷款做法不同，Stella 采用“按收入付费”模式。在该系统下，只有当杠杆头寸获利平仓时才收取费用，从而实现更灵活的借贷方式。

Stella Lend serves as a platform for users looking to earn passive income through in-kind token rewards, with no caps on lending annual percentage yield (APY). Borrowers utilizing Stella Strategy can access these funds to establish leveraged positions, while the yields generated by these borrowers are redistributed to lenders as lending APY, thanks to the “Pay-As-You-Earn” model.

Stella Lend 是一个为希望通过实物代币奖励赚取被动收入的用户提供的平台，贷款年收益率 (APY) 没有上限。利用 Stella Strategy 的借款人可以使用这些资金来建立杠杆头寸，而这些借款人产生的收益将通过“按收就付”模式重新分配给贷方，作为贷款年利率。

Currently, the price of ALPHA has broken through a descending channel resistance and is facing another resistance level around $0.13. Should it break above this resistance, there is potential for the price to climb to the upper channel limit near $0.20.

目前，ALPHA的价格已突破下降通道阻力，并面临0.13美元附近的另一个阻力位。如果突破该阻力位，价格有可能攀升至 0.20 美元附近的通道上限。

Conversely, if it fails to break this resistance, a retracement back to the previously broken channel resistance is expected, which may then act as a support level.

相反，如果未能突破该阻力位，则预计会回调至先前突破的通道阻力位，这可能会成为支撑位。

The Relative Strength Index (RSI) is currently at 88, indicating that the price may be overbought. This suggests a possible retracement to the nearest support or the broken descending channel resistance, especially if it does not close above the $0.13 resistance today.

相对强弱指数（RSI）目前为88，表明价格可能超买。这表明可能会回撤至最近的支撑位或已突破的下降通道阻力位，特别是如果今天收盘价没有高于 0.13 美元的阻力位的话。

Additionally, the 50-day, 100-day, and 200-day simple moving averages are all positioned below the current price and could serve as support should the price revisit the broken descending channel.

此外，50 天、100 天和 200 天简单移动平均线均位于当前价格下方，如果价格重新回到已突破的下降通道，则可以作为支撑。