$ALT
#ALT/USDT on the 2D timeframe is currently sitting at a very crucial area after months of moving inside a long-term downtrend structure. 📊
Price is starting to show signs of recovery and is now testing the main trendline resistance that has been suppressing the price since early 2025. ⚠️
This chart is becoming increasingly interesting because selling pressure appears to be weakening, while buyers are slowly forming higher lows from the previous bottom area. 📈
If a breakout successfully occurs, a medium-term reversal could begin to develop. 🚀
📊 Chart Structure & Pattern
The chart shows several important structures:
Conditions like this often trigger a large impulsive move. 💥
📉 Downtrend Structure Starting to Weaken
After a long decline, bearish momentum is beginning to lose strength:
✅ Selloff is slowing down
✅ Candle bodies are getting smaller
✅ Base accumulation is forming near the lows
✅ Price is starting to create a small recovery structure
This indicates that buyers are slowly stepping into the market. 🐂
📦 Major Support Area
Key support levels are located around:
🟢 0.0067
🟢 0.0059 (major low)
This area has become a strong demand zone that buyers have successfully defended so far. 🛡️
As long as this support holds, the reversal opportunity remains open. 🚀
✅ Bullish Trigger:
Bullish confirmation will occur if price manages to:
✔️ Break above the yellow trendline
✔️ Close strongly above the 0.0089 area
✔️ Continue the momentum toward the next resistance zones
If a valid breakout happens, the next upside targets could potentially be:
🎯 0.0107
🎯 0.0140
🎯 0.0157
🎯 0.0197
🎯 0.0227
These levels are important horizontal resistances as well as the next recovery targets. 📈🔥