$ALT price surged 44% in 24 hours due to a liquidity-boosting token swap, exchange listings, and bullish technical momentum.
Cross-chain token swap with Binance improved liquidity and ERC20 adoption
New exchange listings (Niza.io, Upbit) expanded accessibility
Technical breakout above key resistance levels triggered momentum
Deep Dive
1. Primary Catalyst: Strategic Token Swap
AltLayer executed a 200M ALT token swap (BEP20 to ERC20) with Binance on June 17, 2025 (AltLayer). This:
Consolidated liquidity for ERC20 trading pairs
Enhanced compatibility with Ethereum-based DeFi protocols
Reduced fragmented supply across chains, tightening effective circulation
The move coincided with a 1,940% spike in 24h volume, confirming strong market participation.
2. Supporting Factors: Exchange Listings & Partnerships
Niza.io listing (June 18) and Upbit integration (June 16) introduced ALT to 10M+ new traders (Niza.io).
Polkadot integration announced July 8 boosted developer sentiment for AltLayer’s RaaS platform (AltLayer).
3. Technical Context
Breakout from descending channel: Price cleared $0.032 resistance, aligning with 50-day SMA support.
RSI at 73.5 (7-day) signals overbought conditions but reflects strong buying pressure.
MACD bullish crossover: Histogram turned positive (+0.00044795) on July 10, confirming upward momentum.
Conclusion
The rally combines strategic liquidity moves, exchange-driven accessibility, and technical momentum. Watch the $0.0447 Fibonacci level (23.6% retracement) for resistance tests. Could whale-driven supply tightening extend gains, or will profit-taking reverse the trend?