Bitcoin’s sudden drop shakes the market
Bitcoin’s sudden drop from $108,000 to $96,000 has shaken the digital asset market. This surprising move also sparked a sell-off for all altcoins. render($render)It was the hardest hit and crashed -26%, breaking its 40-day trend line.Altura ($ALU) Show outstanding strength It is still locked in a bullish falling wedge pattern. This is a technical pattern that often leads to an upside reversal.
render($render) Faced a steep decline after Bitcoin’s collapse.
Massive Render Crash Caused by Bitcoin Accumulation Overnight Breaking through the psychological level of $100,000 caused panic and heavy selling pressure. For Render, it meant the loss of a key support level supporting the recent uptrend.
Render’s price action is an indicator of investor uncertainty and reflects oversold conditions. However, the potential for an eventual recovery will prevent the token from recovering and rejoining the trendline support. time
Altura ($ALU) Still in a bullish pattern
Despite market volatility, Altura remains in an attractive technical setup. A falling wedge pattern into the token’s position indicates a bullish breakout. This pattern develops when the price of an asset falls within a tighter range. This usually results in an eventual bullish breakout.
Source: Trading view
Altura ($ALU): What you need to know
– Altura has the ability to recover from potential downturns. It held close to the key support zone – the falling wedge pattern provides a positive outlook, with Altura likely to bounce back – if Bitcoin stabilizes, Altura could benefit greatly from the bullish sentiment.
how Altura ($ALU) Keep giving reasons to pay attention.
Altura weathers volatility with a tenacity that speaks to its unique appeal and strong fundamentals. Here are some basic factors that lead to positive sentiment:
Bullish Technical Pattern: A falling wedge setup increases confidence in a potential breakout.
Unique Use Case: A generic diversified blockchain gaming solution with tokenized gaming assets makes Altura a long-term investment with good potential.
Supportive User Base: A strong community strengthens the token ecosystem and ensures continued interest.
Future price predictions for Render ($RENDER) and Altura ($ALU).
Render ($RENDER): Keep an eye on price stability. If the token can regain its 40-day trend while maintaining its oversold position. We may expect a recovery.
Altura ($ALU): The line at the top of the falling wedge is the line that traders should pay attention to. Breaking out of this pattern will trigger major upside momentum. This confirms Altura’s upward trend.
Conclusion:
The recent market crash has affected altcoins, with Render ($RENDER) suffering huge losses. however, Altura ($ALU) Characterized by bullish patterns and strong fundamentals. Making it an asset to watch, once Bitcoin stabilizes, Altura’s breakout potential will put Bitcoin ahead in the event of a market rally.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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