$ALT Bounce Zone or Bear Trap? Price Hits Key Support After 33% Pump!
ALT is trading at $0.03825, up 33.65% in the last 24 hours, but the chart is flashing warning signs. After hitting a 24h high of $0.05650, the price has dropped significantly and is now testing a key horizontal level. Will bulls reclaim control — or is more downside coming?
Key Technical Levels
• Resistance Zone:
• $0.04120 – First major barrier for recovery
• $0.04300 – Secondary resistance to flip for short-term bullish structure
• $0.04600 – Key level before a retest of the high zone
• Support Zone:
• $0.03800 – Immediate support being tested now
• $0.03550 – Next demand zone
• $0.03200 – Last base before trend turns fully bearish
Trade Setup – Decision Time for ALT
• Bullish Entry: Break and hold above $0.04120
• TP1: $0.04300
• TP2: $0.04550
• TP3: $0.04800
• Bearish Entry: Breakdown below $0.03800
• TP1: $0.03550
• TP2: $0.03320
• TP3: $0.03000
Volume is high at 14.22M, suggesting there’s still strong interest — but bulls must defend this level fast. A bounce could ignite a reversal, but failure to hold may accelerate the fall.
ALT is on the edge — reversal incoming or breakdown continuation? Stay sharp!