Cryptocurrency Prices on December 18: BTC, XRP, DOGE, and HYPE Decline Following Wall Street Sell-Off
Market Overview: Crypto prices fell, with the total market value dropping to approximately $3.01 trillion, influenced by a pullback in U.S. tech stocks and increased selling pressure from long-term holders.
Price Movements: Bitcoin traded near $86,816, down 0.5%, while Ethereum fell about 3% to $2,838. Major altcoins like XRP and Dogecoin also experienced significant losses.
Market Sentiment: The Crypto Fear & Greed Index remains in "extreme fear" territory, indicating fragile market sentiment, while derivatives markets showed increased liquidations and reduced leverage among traders.
Analyst Insights: Despite short-term volatility, some analysts maintain a positive long-term outlook for Bitcoin, predicting a potential new all-time high as institutional participation grows, while cautioning that the current cycle may be descending toward a low point.
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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 4 technical signals, shows that 1 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 | 0.00306 | 0.00498 | 0.00691 | 0.00883 | 0.0108 | 0.0127 | 0.0146 |
| Fibonacci | 0.00498 | 0.00645 | 0.00736 | 0.00883 | 0.0103 | 0.0112 | 0.0127 |
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