📊 $ALT /USDT – Daily Chart Overview Current Price: $0.041
Monnie Brunt OkvK
Updated at: 5 hours ago
{"content":"📊 $ALT /USDT – Daily Chart Overview
Current Price: $0.04160
Daily Change: +21.42% 🚀
Chart Type: Reversal breakout with strong volume and trend confirmation.
🧠 Moving Averages (Trend Shift Confirmation)
MA 7: $0.03621 ✅
MA 25: $0.03323 ✅
MA 99: $0.03129 ✅
All major moving averages are now below the current price, with a fresh crossover of short-term MAs above long-term. This is an early confirmation of a trend reversal from bearish to bullish.
📈 Market Structure
Breakout Candle: Today’s candle broke out of a long-term consolidation range between $0.027–$0.038.
Volume Spike: Sudden bullish interest indicates accumulation is possibly done, and a move toward the next key levels is underway.
Long Wicks: ALT has historically shown aggressive vertical spikes — this behavior could repeat as volatility increases.
🎯 Targets
Target 1: $0.048 — previous long wick rejection zone
Target 2: $0.056 — upper wick test level (May 21 spike)
Target 3: $0.070 — macro structure resistance / prior breakdown level
🛡️ Supports (Pullback Zones)
Support 1: $0.038 — breakout zone (retest opportunity)
Support 2: $0.034 — MA cluster and former resistance
Support 3: $0.030 — demand base + MA99 line
🧪 Summary
ALT has just exited a months-long downtrend, showing strength above all major MAs. It has room to run toward its previous spikes, especially if the overall altcoin market stays hot. Volume is supportive, and the risk/reward setup looks attractive from a swing trade perspective.
As long as $0.038 holds, bulls are in control.
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