$ALT Post-Rally Correction Phase

Current Status

Price: $0.02994 (-7.68%)

Recent Context: Token doubled from $0.025 to $0.050 but has now retraced significantly CoinCodexGate

Volume: Massive 903.8K (elevated activity)

Key Levels Analysis

Resistance Territory

Immediate: $0.03050 (recent consolidation)

Strong: $0.03150-$0.03200 (technical ceiling)

Major: $0.03350 (24h high - key rejection zone)

Support Zones

Critical: $0.02990 (current low - must hold)

Next: $0.02950-$0.02980 (demand cluster)

Major: $0.02800-$0.02850 (strong buy zone)

Trading Scenarios

Bounce Recovery

Entry: Above $0.03050 reclaim

Targets: $0.03150 → $0.03250 → $0.03400

Stop Loss: $0.02950

Bearish move

Entry: Below $0.02990 breakdown

Targets: $0.02850 → $0.02750 → $0.02600

Stop Loss: $0.03100

BEARISH RETRACEMENT - Despite recent 104% surge, ALT has pulled back significantly 4.888 CYBER USDT Spot Trading | Live Price Chart | Gate.io from highs. Order book shows 55.92% sellers dominance. Healthy correction after parabolic move.

Wait for stabilization before re-entry