AltLayer (ALTUSDT) 24-Hour Market Overview

AltLayer (ALTUSDT) closed at $0.03544 on July 16, 2025, after rising from an open of $0.03328 (12:00 ET July 15). The token reached a 24-hour high of $0.03617 and low of $0.03413, with total volume of 480 million units and turnover of $6,720.

Summary

• AltLayer (ALTUSDT) closed at $0.03544, up +6.5% from $0.03328, hitting $0.03617 high.
• A $32M volume spike at 00:15 ET marked resistance near $0.036, followed by a $17M pullback.
• 50-period MA at $0.03505 offers support, with RSI at 62 signaling moderate bullish momentum.

Structure & Formations

The token tested resistance at $0.03617 (July 16 07:45 ET) via a bearish shooting star candle, followed by a 15% volume drop. Key support rests at $0.035 (50-period MA) and $0.0341 (24-hour low). Fibonacci retracements between the swing high ($0.03617) and low ($0.03413) highlight $0.0354 (38.2%) and $0.0351 (61.8%) as potential pivots.

Moving Averages

The 20-period MA ($0.0353) hovers above the 50-period MA ($0.03505), suggesting a short-term bullish bias. Daily charts show price remains above the 50-day MA ($0.0348) and 100-day MA ($0.0343), reinforcing a longer-term uptrend.

MACD & RSI

The MACD line (0.00022) edges above the signal line, signaling moderate bullish momentum. RSI(14) at 62.3 remains neutral, avoiding overbought territory.

Bollinger Bands

Price touched the upper band ($0.0361) at the peak before contracting toward the middle band ($0.0352). Volatility dropped post-peak, with the bands narrowing at $0.035–$0.0354.

Volume & Turnover

The largest volume surge ($8.27M) coincided with the $0.03617 peak, confirming resistance. A 12% volume contraction during the pullback suggests weakening buying pressure. No significant divergence between price and turnover was observed.

Fibonacci Retracements

The 38.2% retracement ($0.0354) and 61.8% ($0.0351) levels may act as support if price declines further.

Outlook

AltLayer may consolidate between $0.035 and $0.0361 over the next 24 hours. A breakout above $0.0361 could target $0.0365, while a close below $0.035 risks a drop toward $0.0341. Investors should monitor volume confirmation near resistance levels and RSI behavior for sustainability.

Risk caveat: Extreme volatility in crypto markets could amplify swings, especially near key resistance/support zones.