ALT Layer is Stuck, What’s Next? 🚨
$ALT has been on a steady decline since May, and while the recent price around $0.0813 might seem like it’s stabilizing, the overall trend is still uncertain. The 99-day moving average continues to hover above the current price, indicating strong resistance ahead. Volume also doesn’t show much enthusiasm from buyers, which raises some concerns about the potential for a significant breakout in the near term.
However, here’s a glimmer of hope 🌟—the price has been consolidating over the last few weeks, possibly forming a base before a potential upward movement. If we see increased volume and a break above the $0.10 mark, things could turn around fast. But for now, it’s best to stay cautious as we’re not seeing clear signals of a bull run just yet.
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