ā ļø $ALT Critical Support Test: Bounce or Submerge?
Overall market sentiment is a mixed bag today after some conflicting institutional reports on adoption surfaced. š§ For $ALT, we're seeing a tense standoff at a key support level. The longer-term picture has been challenging, so let's tread carefully.
š Trading Outlook (Spot/Low Leverage advised):
ā¬ļø Long Scenario: A convincing reclaim and hold above the $0.0300 resistance might signal a short-term relief bounce. Upside targets could be eyed around $BTC ā¬ļø Short Scenario: If support gives way and we see a clear break below $0.0280, the path could open towards lower levels, potentially testing the $0.0250 zone.
Stay vigilant and trade wisely!
NFA/DYOR.
