Lighter Trading Volume Drops 3x Post-Airdrop; Hyperliquid Reclaims DEX Leadership
- Volume Crash: Lighter's weekly trading volume has plummeted nearly 3x following its airdrop, illustrating a common trend in crypto where users reduce trading activity after receiving rewards, leading to decreased platform liquidity.
- Hyperliquid's Comeback: As Lighter's volume cooled, Hyperliquid reclaimed the top position among decentralized perpetual exchanges, ranking first in both trading volume and open interest, indicating its strong market appeal.
- Emerging Platforms Rise: Variational has entered the top five decentralized perpetual platforms with around $1 billion in daily trading volume, highlighting intensified competition as traders gravitate towards platforms offering better fees and execution.
- Market Dynamics Shift: The decline in Lighter's volume alongside Hyperliquid's rise underscores that liquidity in the crypto market often follows incentives and performance, reflecting the fast-moving and dynamic nature of the market.
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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 | 0.00307 | 0.00499 | 0.00692 | 0.00884 | 0.0108 | 0.0127 | 0.0146 |
| Fibonacci | 0.00499 | 0.00646 | 0.00736 | 0.00884 | 0.0103 | 0.0112 | 0.0127 |
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