ALPACA Price Soars After Binance Delisting – Will Short Squeeze Fuel Further Volatility?

The price of ALPACA token skyrocketed by 7 times in just two days after Binance announced its delisting on May 2nd. This surge, which sent the token to a peak of $0.217 from under $0.03, followed an initial sharp drop as traders reacted to the news. Despite this impressive rally, analysts warn that ALPACA remains highly volatile due to extreme negative funding rates and indications of further manipulation by whales. This brings into question whether the recent price surge will be sustained or if a crash is imminent. The token faces major resistance near $0.21, with crucial support at around $0.15.