Alpha Homora has retained the 6th spot in the list of lending protocols as per the data provided by DeFiPulse. At the time of writing, Alpha has locked in value worth $1.2 Bn in its protocol.
In the last 30 days, TVL in the protocol has increased by 20%, while year-to-date, TVL in the Alpha protocol has increased by 6.36x, from $188.5 million on January 1 to $1.2 billion on August 23. The massive inflow of funds into the protocol demonstrates the community's growing trust, while its ability to leverage yield farming sets the ground for the protocol's meteoric development.
On the Daily Time Frame, Alpha has been trading above 20 and 50 DEMA. In the recent past, Alpha has registered huge volume indicating strength in the ongoing bull move. The support to the lower side is present at $0.9 while it may face resistance at the levels of $1.35 followed by $1.6 respectively.
At the current levels, Alpha can be Accumulated and it presents a good spot from where it can rise to new heights.
In the last 30 days, TVL in the protocol has increased by 20%, while year-to-date, TVL in the Alpha protocol has increased by 6.36x, from $188.5 million on January 1 to $1.2 billion on August 23. The massive inflow of funds into the protocol demonstrates the community's growing trust, while its ability to leverage yield farming sets the ground for the protocol's meteoric development.
On the Daily Time Frame, Alpha has been trading above 20 and 50 DEMA. In the recent past, Alpha has registered huge volume indicating strength in the ongoing bull move. The support to the lower side is present at $0.9 while it may face resistance at the levels of $1.35 followed by $1.6 respectively.
At the current levels, Alpha can be Accumulated and it presents a good spot from where it can rise to new heights.