$ALT has seen a moderate decline of 3.423% over the past 24 hours, with trading oscillating between 0.02758 and 0.02588. The position near the lower Bollinger Band indicates potential for a rebound towards resistance at 0.02817, but overall market sentiment remains bearish. Market volatility may be influenced by macroeconomic concerns such as inflation and regulatory uncertainties. Bitcoin's lack of direct correlation at this time suggests ALT's movements are primarily driven by its own fundamentals. Traders might consider a short-term strategy to capitalize on price fluctuations, while cautiously monitoring broader economic indicators. Key takeaway: ALT’s confined range suggests a critical moment; traders should watch for decisive breakouts for future direction.
