Altcoins Experience Most Severe Selling Pressure in Five Years
- Intensified Selling Pressure: CryptoQuant data reveals that altcoins have faced 15 consecutive months of selling pressure, with sell volume exceeding buy volume, resulting in a cumulative imbalance of approximately negative $209 billion, indicating a severe situation where supply consistently overwhelms demand.
- Demand Fails to Recover: Since January 2025, demand for altcoins has not recovered; while individual tokens may rally due to listings or buybacks, the overall market's buying pressure remains insufficient to reverse the supply-demand imbalance.
- Weak Market Breadth: Only 36 major altcoins recorded positive returns over the past 90 days, indicating that most assets in the market are still underwater despite several sharp rallies in individual tokens.
- Liquidity Concentration: Capital has remained concentrated in Bitcoin and dollar-linked assets, with stablecoins now representing 28% of exchange balance sheets; although this liquidity is available, much of it remains defensive rather than flowing broadly into the altcoin market.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT). As of , Altlayer (ALT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 0.00424 | 0.00489 | 0.00565 | 0.0063 | 0.00706 | 0.00771 | 0.00847 |
| Fibonacci | 0.00489 | 0.00543 | 0.00576 | 0.0063 | 0.00684 | 0.00717 | 0.00771 |
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