ALVA rebounds from strong support with growing volume and RSI at 54.80, signaling room for further upside as momentum builds.
DeFund’s upcoming launch and 0/0 tax model fuel investor confidence, pushing ALVA/WETH pair up 47% in 24 hours with high buy pressure.
Strong technical foundation, rising on-chain activity, and ecosystem buzz align to position ALVA for a potential sustained breakout.
$ALVA is gaining momentum as it pushes past key support levels. Crypto Caesar highlighted the move, calling it the start of a potential reversal. The asset trades at $0.1043, gaining 5.00% on the daily chart. Price action rebounded from the $0.09815 low, hitting a high of $0.1289 before stabilizing. Notably, the chart reveals a strong support zone between $0.08 and $0.12, tested repeatedly from October through June. The consistent bounce in this zone hints at growing buyer strength.
Source: Crypto Caesar
Key Technical Setup Confirms a Reversal Structure
Besides the bullish sentiment, technical indicators show signs of a possible trend shift. The price now sits above the lower boundary of the blue support zone. The EMA Cross indicator marks $0.1011 as a vital level, while the moving average reads $0.09814. Moreover, the RSI stands at 54.80, suggesting neutral momentum without extreme conditions. This positioning leaves room for a breakout without immediate downside risk.
The chart structure displays two major bounces from the same support zone—first in February, then in May. Each bounce reinforces the significance of this level. Additionally, volume spikes during each rebound point to real buyer participation. This ongoing interest further validates the reversal potential.
On-Chain Momentum Builds With Ecosystem Progress
Meanwhile, DJ Griffith weighed in with optimism tied to ALVA’s DeFund platform. According to him, the coin’s fundamentals back the technical breakout. The ALVA/WETH pair on Uniswap now trades at $0.1492, gaining over 47% in just 24 hours. Consequently, market interest is surging.
Source: DJ Griffith
The DeFund platform is nearing launch, adding utility to a 0/0 tax, VC-backed token. Furthermore, on-chain metrics support this growth. There were 212 recent transactions, with 91 buyers and 121 sellers. Buy volume hit $126K against $97K in sell volume.
Market makers totaled 103 participants. Moreover, the liquidity pool holds $298K, with a $9.4M market cap and a fully diluted value of $30.8M. Buyers are currently leading the charge. Hourly performance reflects an 11% gain, despite slight dips on the five-minute chart.
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