$ALT has dropped sharply by 38.45% in the last 24 hours. It is now trading at $0.0081, nearly 48% below its 7-day high of $0.01562. This significant price decline came with very high volume, more than double its 7-day average.
My view is bearish. The sharp move down on strong volume suggests selling pressure is still active. The RSI at 37.3 is not yet oversold, implying more room for downside if momentum continues.
I would turn neutral if $ALT holds above the 7-day low of $0.00746. A sustained move back above $0.009 would be needed for a shift to a more positive outlook. I am watching for consolidation or a bounce on lower volume before considering any entry.
#ALT #PriceAction
My view is bearish. The sharp move down on strong volume suggests selling pressure is still active. The RSI at 37.3 is not yet oversold, implying more room for downside if momentum continues.
I would turn neutral if $ALT holds above the 7-day low of $0.00746. A sustained move back above $0.009 would be needed for a shift to a more positive outlook. I am watching for consolidation or a bounce on lower volume before considering any entry.
#ALT #PriceAction