Market Overview for Altlayer/Tether (ALTUSDT) on 2025-09-26

• • Price declined sharply from 0.0277 to 0.02651 over 24 hours amid high volume.
• • RSI and MACD signaled bearish momentum, with RSI near oversold territory.
• • Volatility expanded as Bollinger Bands widened, signaling potential range contraction.
• • Key support levels identified around 0.0268–0.0267 and critical resistance at 0.0271.
• • Turnover spiked during the early ET session, suggesting active short-term trading.

At 12:00 ET−1, Altlayer/Tether (ALTUSDT) opened at 0.0277, reached a high of 0.02777, fell to a low of 0.02651, and closed at 0.02704 at 12:00 ET. Total volume over 24 hours was approximately 58,284,156, with a notional turnover exceeding $1.56M.

Structure & Formations

ALTUSDT has shown a clear bearish trend over the past 24 hours, with a key price decline forming a bearish continuation pattern. The price fell from 0.0277 to 0.02651, with a 4.2% drop over the session. Key support levels appear at 0.0268 and 0.0265, with resistance at 0.0270 and 0.0273. A few 15-minute bearish engulfing patterns were observed during the early hours of the session, indicating strong bearish momentum. A doji near 0.02686 in the late ET session suggests a potential short-term pause or consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are bearishly aligned, confirming the short-term downtrend. On the daily chart, the 50-period and 100-period moving averages are also bearishly aligned, with the 200-period line acting as a key long-term support. If price fails to reclaim above the 50-period MA on a daily basis, the bearish bias is likely to strengthen.

MACD & RSI

The MACD has remained in negative territory for the majority of the session, with bearish crossovers reinforcing the downside bias. RSI has dipped into oversold territory near 30, but has not generated a strong reversal signal. A rebound above 40 on RSI may indicate a short-term bounce, but sustained momentum remains weak. Divergence between price and RSI suggests caution ahead of potential short-covering or range-bound trading.

Bollinger Bands

Bollinger Bands have expanded significantly over the session, reflecting increased volatility. The price has spent much of the session near the lower band, indicating oversold pressure. A potential bounce near the lower band could be observed, but confirmation of a reversal would require a move above the middle band. The widening of the bands also suggests that the market is preparing for a potential consolidation phase or a sharp reversal.

Volume & Turnover

Volume was notably high during the early hours of the session, with the largest volume spike occurring at 17:30–19:00 ET when the price declined to its lowest level. Turnover closely mirrored volume patterns, with strong alignment between price and volume during key price drops. A divergence between price and volume in the late ET session suggests some level of exhaustion in the bearish momentum, though it is not yet clear if it signals a bottom.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.0277 to 0.02651, key retracement levels include 0.0271 (38.2%), 0.0270 (50%), and 0.02695 (61.8%). These levels are likely to be tested in the coming 24 hours, with 0.0270 being a critical psychological level. A break above 0.0270 may trigger a short-term rally, but a failure to hold above 0.0268 could extend the downward move.

Backtest Hypothesis

For a potential backtesting strategy, one could consider a range-bound trading approach based on Bollinger Band and RSI signals. A short entry could be triggered on RSI dips into oversold territory (below 30), with a stop above the upper Bollinger Band and a target near the 38.2% Fibonacci retracement. Conversely, a long entry may be considered on RSI rebound above 40 with a stop below the lower Bollinger Band. This strategy aligns with the observed volatility and momentum conditions, leveraging technical indicators to manage risk and reward in a high-turnover environment.