📈 Analysis and forecast for $ALT on Binance: further prospects? 📉
As of 12:20 EEST on June 16, 2025, the price $ALT (AltLayer) on Binance is $0.0582, showing a phenomenal increase of 105.57% over the last 24 hours. Such explosive growth in trading volume and activity indicates strong investor interest, which may be related to recent network updates or positive news about partnerships. $ALT, as a rollup scaling solution, is attracting attention due to its innovative technology.
Technically, $ALT it looks overbought, but with growth potential. On the 4-hour chart, the 50-day SMA has sharply crossed above the 200-day, signaling a strong bullish momentum. The RSI (14) at 78 is in the overbought zone, while the MACD confirms the upward trend. Key resistance is at $0.06, a breakout of which may lead to $0.08. Support is located at $0.05, below which is $0.045. Holding above $0.058 is critical for continued growth.
Forecast: in the coming days, ALT may test $0.06–$0.07, with a chance of rising to $0.10 by the end of June 2025 with volume support. By July, a rise to $0.12–$0.15 is possible if interest remains. The long-term outlook for 2026 is $0.30–$0.50+, provided successful implementation of technology and new integrations. Risks include correction after such a sharp rise and overall market volatility. The community on X expresses enthusiasm, noting the potential up to $0.10 in the near term, but this is speculative.
Further prospects? A 105.57% increase and a price of $0.0582 are close to resistance at $0.06. Buying at $0.05 with a target of $0.08 and a stop-loss at $0.045 seems justified, but requires caution. Keep an eye on news about the project's development!
Comment below and share your thoughts on the future of $ALT! Do you consider technical levels or fundamental factors? Subscribe to not miss important and valuable information! #ALT #Binance #CryptoAnalysis
