Altlayer (ALT) Set for 80% Bull Flag Extension**

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Altlayer (ALT) has experienced a 30% price correction since late September, but several factors now support a long position. Here's why a bullish breakout seems likely :

1. Price Action & RSI Breakouts : ALT has broken through key resistance levels on both price and RSI.

2. Trend Reversal : Higher highs and higher lows indicate a shift in market sentiment toward bullish momentum.

3. Support at Previous Resistance : The price is holding at critical support levels, as highlighted by yellow arrows on the chart.

4. Bull Flag Formation : The confirmation of this classic bullish pattern points toward an 80% impulsive move upward.
While there is a possibility of further correction, it is unlikely. The current market signals favor an 80% rally in the short term.

Conclusion :
Altlayer is primed for an 80% bullish breakout following a confirmed bull flag pattern and key trend reversals. While some volatility could occur, the overall outlook is strongly positive.

Advice :
Traders should consider entering long positions this week, but be mindful of the high-risk nature of this trade. Set stop-loss levels and stay alert to any sudden market shifts.

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Leverage 10x short
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🔥💬 AltLayer Executive Addresses Community Backlash Following $100 Million Airdrop Distribution!
🌐 Navigating Community Concerns: In a bid to foster transparency and address community concerns, an executive at AltLayer has stepped forward to quell the backlash surrounding the recent $100 million airdrop distribution. The move comes in response to the passionate reactions within the AltLayer community.
💼 Executive's Response:
Clarifying Intentions: The executive sheds light on the intentions behind the substantial airdrop, emphasizing AltLayer's commitment to community engagement and inclusivity. Gain insights into the executive's perspective on how this distribution aligns with AltLayer's broader goals and vision.
Addressing Unease: Acknowledging the unease within the community, the executive provides reassurances and clarifications on the airdrop process. Explore how AltLayer plans to learn from the community's feedback and make improvements moving forward.
🔄 Community Feedback Loop:
Open Dialogue: The executive emphasizes the importance of an open dialogue with the community. Learn about initiatives to foster ongoing communication, including Q&A sessions, community forums, or other platforms where AltLayer users can voice their opinions and concerns.
Community-Driven Decisions: Understand AltLayer's commitment to incorporating community feedback into decision-making processes. Explore plans for soliciting input on future developments and how the community can actively participate in shaping the project's trajectory.
🚀 Moving Forward:
Future Transparency Measures: The executive outlines future steps and transparency measures AltLayer intends to implement. This may include enhanced communication channels, regular updates on project milestones, and strategies to ensure community members feel informed and involved.
Learning and Adapting: Gain insights into AltLayer's approach to learning from this experience, adapting to community expectations, and building a stronger foundation for collaborative growth.
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The altcoin marketcap (TOTAL2) is currently testing the $800 Billion resistance area. If the price manages to close a candle above this key level, it could signal a strong upward rally for altcoins. This resistance area has significant importance, and a decisive breakthrough could indicate increasing bullish momentum in the altcoin market. Traders and investors are closely watching this level as a potential catalyst for further gains in the altcoin space.

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AltLayer has announced that the public testnet for zkSync's ZK Chain is now live.

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