Render ($RENDER) Crashes 26% To Downside But Altura ($ALU) Remains Bullish
Market Impact of Bitcoin's Drop: Bitcoin's decline from $108,000 to $96,000 has caused widespread selling in the altcoin market, significantly affecting Render ($RENDER), which dropped 26%, while Altura ($ALU) remains resilient with a bullish falling wedge pattern.
Future Outlook for Altura and Render: Render may recover if it stabilizes above its trendline, while Altura is positioned for potential upward momentum if it breaks out from its falling wedge pattern, benefiting from strong fundamentals and community support.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ALU
Technical Sentiment Analysis for Altura (ALU) As of , Altura (ALU) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALU 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 stock.
Support, Resistance & Moving Averages From a structural perspective, ALU 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 $-.
Altura (ALU) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00306 | 0.00406 | 0.00499 | 0.00599 | 0.00692 | 0.00792 | 0.00885 |
| Fibonacci | 0.00406 | 0.0048 | 0.00526 | 0.00599 | 0.00673 | 0.00719 | 0.00792 |
About ALU
About the author
