Market Overview for AltLayer (ALTUSDT) – 2025-07-18

• AltLayer (ALTUSDT) rallied 3.4% over 24 hours, forming a bullish breakout above 0.0352.
• Volatility surged as price traded between 0.0335 and 0.0375, with volume spiking during the 0.0366–0.0375 range.
• RSI reached overbought territory near 75, suggesting short-term momentum may pause.
• A bullish engulfing pattern formed at 0.0340–0.0348, signaling a potential near-term reversal.
• Bollinger Bands widened sharply during the 0.0366–0.0375 move, indicating heightened volatility.

AltLayer (ALTUSDT) opened at 0.03524 on 2025-07-17 at 12:00 ET and closed at 0.03591 by 12:00 ET on 2025-07-18. The 24-hour high was 0.03755 and the low was 0.03353, with total volume of 199,042,921 and turnover of approximately $6,023,835.

Structure & Formations

Price formed a bullish engulfing pattern at 0.0340–0.0348, suggesting a short-term reversal from bearish to bullish. A key support level appears to have formed around 0.0340–0.0346, while resistance has shifted to 0.0355–0.0360. A large bearish candle at 0.03662–0.03685 and a bullish reversal at 0.03606–0.03640 indicate possible short-term consolidation before a potential breakout.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the 0.0355–0.0359 range, signaling a bullish crossover. The 50-period MA is currently at 0.03565, acting as dynamic support. On the daily chart, the 50-period MA is at 0.0353, and the 100-period MA at 0.0351, suggesting a potential continuation of the upward bias.

MACD & RSI

The MACD crossed above the signal line during the 0.0355–0.0359 rally, confirming bullish momentum. RSI reached 75 in the final hours, indicating overbought conditions and a possible near-term pullback. A divergence between RSI and price during the 0.0366–0.0368 move suggests caution in the short term.

Bollinger Bands

Bollinger Bands expanded significantly during the 0.0366–0.0375 rally, indicating a period of high volatility. Price traded near the upper band during this move, suggesting a strong bullish impulse. A contraction in the bands during the 0.0340–0.0346 range preceded the breakout, acting as a consolidation phase before the move higher.

Volume & Turnover

Volume spiked during the 0.0366–0.0375 move, with over 10 million contracts traded in a 15-minute period. Turnover also surged, confirming the strength of the rally. However, volume during the 0.0340–0.0346 reversal was relatively moderate, suggesting the move may not yet be fully institutional-backed.

Fibonacci Retracements

On the 15-minute chart, the 0.0340–0.0375 move saw price retesting the 61.8% level at 0.0358, which acted as support before the final push to 0.0359. Daily Fibonacci levels indicate that 0.0366 (61.8%) and 0.0376 (78.6%) could act as key resistance levels ahead.

Market participants should watch for a retest of 0.0355–0.0359 as potential support before a next target of 0.0366. While the overall trend remains bullish, overbought conditions and a recent divergence in RSI suggest a short-term pullback could occur. Investors are advised to remain cautious and monitor volume and momentum indicators for confirmation of the next move.