The Altcoin Team Announces the Expected Rescue Plan After Its Price Crashed!
Market Manipulation Incident: On July 5, 2025, the altcoin SOON faced a significant 41% price drop due to coordinated market manipulation, prompting the team to clarify that official market makers were not involved and to announce a recovery plan.
Recovery Plan Details: The SOON team outlined a four-point recovery strategy including a token burn of 3% of total supply, an on-chain buyback product, the launch of a governance system for community participation, and a Twitter AMA to enhance transparency.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT) As of , Altlayer (ALT) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 0.00298 | 0.00494 | 0.00683 | 0.00879 | 0.0107 | 0.0126 | 0.0145 |
| Fibonacci | 0.00494 | 0.00641 | 0.00732 | 0.00879 | 0.0103 | 0.0112 | 0.0126 |
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