Altcoin Season Index Dips to 40, Indicating Shift in Market Sentiment
- Market Sentiment Shift: The Altcoin Season Index has dipped by one point to 40, indicating that less than half of the top 100 cryptocurrencies have outperformed Bitcoin over the past 90 days, reflecting an increased preference for Bitcoin that may lead to capital flowing towards it rather than altcoins.
- Investor Behavior Analysis: The index is calculated by comparing the 90-day price performance of the top 100 digital assets against Bitcoin, excluding stablecoins, providing an objective framework for understanding current capital flows and investor preferences in the market.
- Historical Data Comparison: Historical data shows that an index below 25 typically indicates a Bitcoin season, while above 75 signifies an altcoin season; the current score of 40 suggests the market is in a transitional state, potentially foreshadowing future trend changes.
- Risk Assessment Tool: Although the index is a lagging indicator, it serves as a crucial risk assessment tool for investors, with a low score suggesting higher relative risk in broad altcoin investing, prompting a focus on Bitcoin or altcoin projects with strong fundamentals.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT) As of , Altlayer (ALT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ALT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0032 | 0.00505 | 0.00705 | 0.0089 | 0.0109 | 0.0127 | 0.0147 |
| Fibonacci | 0.00505 | 0.00652 | 0.00743 | 0.0089 | 0.0104 | 0.0113 | 0.0127 |
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