$ALT ALT under pressure… sharp decline as the release of 240 million tokens looms! Will the price hold steady, or will the bleeding continue? 📉
AltLayer (ALT) is experiencing sharp volatility following a strong rally, amid investor concerns about an increase in supply over the coming days.
🔥 Key developments:
🔴 Price: around $0.00749, down 10.62% in 24 hours
🔓 Upcoming event: Around 240 million ALT tokens are set to be unlocked on October 25–26, equivalent to 2.4% of the total supply, according to published unlock schedules.
Selling pressure: A CoinMarketCap analysis dated October 22 noted a significant increase in trading volume alongside the sharp decline.
🤖 Project developments: AltLayer continues to develop its infrastructure for blockchain networks and AI agents, but these developments do not guarantee a rise in the token’s price.
📍 Levels to watch:
Nearby support is at $0.00733, while the $0.00750–$0.00800 range is an important area to monitor for a potential recovery. A break below support could increase selling pressure, but the trend remains uncertain.
AltLayer (ALT) is experiencing sharp volatility following a strong rally, amid investor concerns about an increase in supply over the coming days.
🔥 Key developments:
🔴 Price: around $0.00749, down 10.62% in 24 hours
🔓 Upcoming event: Around 240 million ALT tokens are set to be unlocked on October 25–26, equivalent to 2.4% of the total supply, according to published unlock schedules.
Selling pressure: A CoinMarketCap analysis dated October 22 noted a significant increase in trading volume alongside the sharp decline.
🤖 Project developments: AltLayer continues to develop its infrastructure for blockchain networks and AI agents, but these developments do not guarantee a rise in the token’s price.
📍 Levels to watch:
Nearby support is at $0.00733, while the $0.00750–$0.00800 range is an important area to monitor for a potential recovery. A break below support could increase selling pressure, but the trend remains uncertain.