$ALT
Consolidation Before the Next Move? ๐ง
Looking at the ALT/USDT 15-minute chart, we're currently seeing a period of consolidation around the 0.03754 mark after a strong earlier surge, leading to an +8.91% gain today.
Key observations:
* EMA Convergence: The 9, 21, and 30-period EMAs (0.03766, 0.03768, 0.03764 respectively) are tightly converged, indicating a current balance between buyers and sellers.
* RSI: The RSI (14) at 48.63177 is hovering near the neutral 50 level, suggesting neither overbought nor oversold conditions.
* Volume: Volume has somewhat mellowed during this consolidation, which is typical.
We're monitoring for a clear break above 0.03985 or a retest of lower support levels. A decisive move with increased volume will be key to confirm the next directional bias.
Stay vigilant and manage your risk accordingly.
