Altcoin Season Index Rises to 36 as Market Sentiment Shifts
- Index Increase: The Altcoin Season Index has risen from 33 to 36, indicating a modest three-point increase that suggests some altcoins are beginning to gain market attention, even though it remains far below the 75 threshold that officially marks an altcoin season.
- Market Dynamics Shift: The rise in the index often correlates with an increased risk appetite among investors, indicating a potential rotation of funds from Bitcoin into smaller, more volatile assets in search of higher returns, reflecting subtle changes in market sentiment.
- Bitcoin's Dominance: Despite the uptick in the Altcoin Season Index, Bitcoin continues to maintain a dominant position in the market, with the current reading of 36 indicating Bitcoin's relative strength over most altcoins, suggesting the market has not yet fully entered an altcoin season.
- Investor Focus: Investors monitoring this index should consider broader market conditions, including regulatory developments and macroeconomic factors; while short-term movements should not be overinterpreted, a sustained increase in the index may signal growing confidence in alternative blockchain projects.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT). As of , Altlayer (ALT) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 7 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ALT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ALT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00116 | 0.00384 | 0.00563 | 0.00831 | 0.0101 | 0.0128 | 0.0146 |
| Fibonacci | 0.00384 | 0.00555 | 0.0066 | 0.00831 | 0.01 | 0.0111 | 0.0128 |
About ALT
About the author
