Technical analysis by AliferCrypto about Symbol ALPHA: Buy recommendation (5/2/2025)

Yesterday, ALPHAUSDT cleanly broke and closed above the 50-day EMA, which it hadn't been able to reclaim since December 2024. It also retested the previous $0.042-$0.052 demand zone, which acted as resistance.Check the weekly chart below for more context:Key Levels• $0.024-$0.034: Main demand zone, dating back to October 2020• $0.042-$0.052: Previous demand zone and current resistance• ~$0.070: Previous key S/R, currently reinforced by 1-year EMA, and potential resistance• $0.115-$0.137: Main supply zoneTriggerI am looking for a retest of the 50-day EMA (~0.035) as support for a long entry, with a clear invalidation below the recent $0.025 swing low, targeting the main supply zone with the other key levels outlined above as partial TP targets.ALPHA might be getting ready for the next leg up.Near retest of the 50-day EMA (+0.618 fib retracement of the recent move).Now watch this 1H pennant for a breakout.The 50-day EMA didn't hold as support. Nearly full retrace of Thursdays move, and no long entry for the time being.