TOTAL2 Reaches Record 2M Close as Altcoin Market Gears Up for Growth
Market Recovery and Bullish Momentum: TOTAL2, the total crypto market cap excluding Bitcoin, has surpassed its previous peak, indicating a structural recovery in altcoins with strong bullish momentum supported by key technical indicators like RSI and MACD.
Future Growth Potential: Analysts predict further expansion in the altcoin market, with expectations of surpassing the $2 trillion mark as TOTAL2 consolidates above critical support levels, reflecting increased market confidence and potential for higher valuations.
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 Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 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 | 0.00395 | 0.00525 | 0.00614 | 0.00744 | 0.00833 | 0.00963 | 0.0105 |
| Fibonacci | 0.00525 | 0.00609 | 0.00661 | 0.00744 | 0.00828 | 0.0088 | 0.00963 |
About ALT
About the author
