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The AltLayer price surged 12% in the last week and 6% in the last 24 hours to trade at $0.04112 as of 1:11 a.m. EST, and trading volume skyrocketed 309% to $61.4 million.
AltLayer Price On A Sustained Breakout
The ALT price on the 4-hour chart reveals a decisive breakout from a falling channel pattern that had been in place for several weeks. The AltLayer price had been making lower highs and lower lows, following the bearish trend within the channel.
However, a recent surge has pushed the price of ALT above this resistance, signaling a possible reversal, as GeckoTerminal shows.
Strong momentum has accompanied the breakout, as indicated by a sharp price increase. The price of AltLayer is now holding above the 50 Simple Moving Average (SMA) at $0.03882 and approaching the 200 SMA at $0.03865, both of which previously acted as resistance. If ALT remains above these levels, a shift in trend direction could be confirmed.
The Relative Strength Index (RSI) is currently at 59.65, close to the overbought zone but still within a healthy range. This suggests that buying momentum is increasing but has not yet reached extreme levels.
Meanwhile, the blue Moving Average Convergence Divergence (MACD) line is above the orange signal line, showing a bullish crossover. Additionally, the histogram bars are growing, indicating strong momentum in favor of buyers.
ALT Price Prediction
Following this breakout, the AltLayer price has a potential upside target of approximately $0.05500, representing a 30% increase from the breakout point. If the price of AltLayer sustains its movement above the key moving averages, this level could be reached in the short term.
However, if ALT falls back below $0.04112, it could signal a false breakout, leading to a potential retest of lower support levels around $0.03865.
As the ALT price surges, investors are flocking to the presale for Best Wallet (BEST), which popular YouTuber Crypto Gains, with over 146K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Charges Towards $12 Million – Best Crypto Wallet Token?
The Best Wallet presale has just crossed the $11.4 million milestone, and it is easy to see why. With a user-friendly design, advanced features, and high staking rewards, many see the project as the future of crypto wallets.
Unlike MetaMask, which is primarily Ethereum-focused, or Trust Wallet, which is great for beginners, Best Wallet supports over 60 blockchains.
This means you can manage everything from the top altcoins to the latest up-and-coming tokens all in one place.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
1️⃣ Exclusive alpha on new projects.
2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
Of Best Wallet’s many features, one stands out: the “Upcoming Tokens” section. This feature helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising projects is clear. It’s already identified tokens such as Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Investors can also stake BEST tokens for a huge 137% annual percentage yield (APY).
Currently, BEST tokens are priced at $0.0245. Those interested in joining the project should buy BEST before a price hike in around 35 hours.
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Best Wallet - Diversify Your Crypto Portfolio
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