AltLayer (ALT) is a layer-2 scaling solution designed to optimize blockchain efficiency and scalability, focusing on decentralized applications (dApps).
In this article, we will discuss ALT Crypto price analysis along with weekly analysis and news roundup.
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ALT Crypto Price Analysis
- Current Price: $0.2139
- Market Cap: Approximately $218 million
- 24-hour Trading Volume: $84.56 million
- Circulating Supply: 1.1 billion ALT
- Total Supply: 10 billion ALT.
The price is moving inside the rectangular channel. Currently, it is facing rejection by the horizontal resistance zone. We have to wait for a successful breakout or breakdown.
Weekly Price Performance
AltLayer’s price has fluctuated in the past week, with minor corrections reflective of broader market trends. In the past month, the token has faced a 35% decline.
Indicators
- Relative Strength Index (RSI): Indicates oversold conditions
- Volume Trends: Strong trading activity across Binance and other exchanges, with a focus on ALT/USDT and ALT/BTC pairs.
- Volatility: Moderate.
Recent News and Developments
- Exchange Listings: AltLayer is actively traded on 27 exchanges, including Binance, Kraken, and Gate.io.
- Market Sentiment: Investors remain cautious due to the significant decline from its all-time high ($0.69 in March 2024).
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