AltLayer (ALT), which has allegedly not yet airdropped Celestia (TIA) stakers, has fallen by close to 20% in the last 24 hours.
The cryptocurrency market had a rather painful start to February. Bitcoin (BTC), the leading cryptocurrency, was trading around $43,500 the previous day, but fell to $42,000 during the day. BTC's decline has also affected altcoins.
The news that Celsius sent BTC and ETH to exchanges in order to obtain cash has left its mark on the crypto market. The interest rate policy of Celsius, FTX, and the United States led to the decline of the crypto market.
One of the most depreciating cryptocurrencies of the day was AltLayer (ALT). ALT has fallen by close to 20% in the last 24 hours.
Can AltLayer (ALT) recover?
AltLayer (ALT), the popular cryptocurrency project of recent days, is among the most depreciated crypto coins (top 300) of the day with its decline.
AltLayer was able to build the community behind it by conducting a massive airdrop. Crypto investors have shown great interest in AltLayer, which has a restake feature.
AltLayer has come under fire for allegedly not yet distributing the airdrop to Celestia (TIA) stakers. The project has been constantly criticized since its release. However, many investors consider ALT to have high potential.
Looking at the ALT chart, the price appears to have reversed from $0.32750, which is a key support point.
The popular cryptocurrency may have completed its decline over the past few days at the $0.32750 support. ALT may rise to $0.364 with the strength it receives from the support point. If the resistance point in this area is broken, the ALT rise may intensify. ALT could target the intermediate resistance point at $0.393 and the major resistance point at $0.40.
On the other hand, ALT could drop to $0.31250 if it loses the $0.3275 support.
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AltLayer (ALT) is the loser of the day: The big drop!
AltLayer (ALT), which has allegedly not yet airdropped Celestia (TIA) stakers, has fallen by close to 20% in the last 24 hours.
The cryptocurrency market had a rather painful start to February. Bitcoin (BTC), the leading cryptocurrency, was trading around $43,500 the previous day, but fell to $42,000 during the day. BTC's decline has also affected altcoins.
The news that Celsius sent BTC and ETH to exchanges in order to obtain cash has left its mark on the crypto market. The interest rate policy of Celsius, FTX, and the United States led to the decline of the crypto market.
One of the most depreciating cryptocurrencies of the day was AltLayer (ALT). ALT has fallen by close to 20% in the last 24 hours.
Can AltLayer (ALT) recover?
AltLayer (ALT), the popular cryptocurrency project of recent days, is among the most depreciated crypto coins (top 300) of the day with its decline.
AltLayer was able to build the community behind it by conducting a massive airdrop. Crypto investors have shown great interest in AltLayer, which has a restake feature.
AltLayer has come under fire for allegedly not yet distributing the airdrop to Celestia (TIA) stakers. The project has been constantly criticized since its release. However, many investors consider ALT to have high potential.
The popular cryptocurrency may have completed its decline over the past few days at the $0.32750 support. ALT may rise to $0.364 with the strength it receives from the support point. If the resistance point in this area is broken, the ALT rise may intensify. ALT could target the intermediate resistance point at $0.393 and the major resistance point at $0.40.
On the other hand, ALT could drop to $0.31250 if it loses the $0.3275 support.