{"id":3065,"date":"2025-06-17T07:43:44","date_gmt":"2025-06-17T07:43:44","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-altlayer-crypto-is-up-35-today\/"},"modified":"2025-06-17T07:43:46","modified_gmt":"2025-06-17T07:43:46","slug":"heres-why-altlayer-crypto-is-up-35-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-altlayer-crypto-is-up-35-today\/","title":{"rendered":"Here\u2019s why AltLayer crypto is up 35% today"},"content":{"rendered":"
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AltLayer\u2019s native token, ALT, recorded a sharp rally on Monday, June 16, forming a notable breakout candle ahead of its listing on South Korea\u2019s leading exchange, Upbit.<\/p>\n

According to data from crypto.news, AltLayer (ALT) surged by 104% intraday, reaching a high of $0.051 before retracing to $0.033 at press time. Despite the pullback, ALT remained up 35% on the day, with its market cap at approximately $117 million, marking its highest valuation since early February.<\/p>\n

ALT gained traction after it secured a listing<\/a> on Upbit, a tier-1 crypto exchange in South Korea.<\/p>\n

Listings on major centralized exchanges often drive short-term price appreciation as they expand liquidity access and investor reach. However, such listing-induced rallies can also be short-lived, as early participants frequently lock in gains once the news is priced in.<\/p>\n

Notably, the Upbit announcement was met with aggressive whale accumulation. As highlighted<\/a> by Korean market commentator Yoonseok, one whale acquired 1.6 million ALT tokens shortly after the listing news broke. Another whale reportedly<\/a> purchased 2.93 million ALT at an average price of $0.04.<\/p>\n

Such large inflows are often interpreted by retail investors as bullish signals, reinforcing upward price momentum.<\/p>\n

<\/p>\n

Speculative appetite was evident in the derivatives market as well, with Coinglass data<\/a> showing a 383% surge in open interest for ALT futures, with the long\/short ratio remaining above 1. This means traders were predominantly taking long positions in hopes of further price appreciation.<\/p>\n

At the same time, onchain data from Santiment reported a sharp rise in daily active addresses, climbing from just 110 to over 10,500 in the past two days. The spike in user activity was accompanied by a positive shift in weighted social sentiment and a notable increase in Google search trends, indicating broader retail engagement.<\/p>\n

<\/source><\/p>\n<\/picture>
Source: Santiment<\/figcaption><\/figure>\n

ALT price analysis<\/h2>\n

On the 4-hour USDT chart, both the MACD and RSI indicators are trending higher, suggesting strengthening bullish momentum.<\/p>\n

<\/source>
\n\"Here\u2019s\n<\/picture>
ALT price, MACD and RSI chart \u2014 June 17 | Source: crypto.news<\/figcaption><\/figure>\n

Price action also shows that ALT remains above both the 50-period and 100-period EMAs, with the 50-day EMA having recently crossed above the 100-day EMA, a bullish crossover typically interpreted as a signal for trend continuation.<\/p>\n

<\/source>
\n\"Here\u2019s\n<\/picture>
ALT 50-day and 100-day EMA chart \u2014 June 17 | Source: crypto.news<\/figcaption><\/figure>\n

ALT is currently hovering above the $0.031 support level, which aligns closely with the May high of $0.044, now acting as a reference support zone.<\/p>\n

If the token manages to rebound from current levels and sustain bullish momentum, a potential move toward $0.055 remains likely, a roughly 66% increase from the current price level.<\/p>\n

Conversely, if the price breaks below the immediate support at $0.031, the next key level to watch would be around $0.023, which marked a local low on June 13. A decline toward this level would suggest a weakening of short-term bullish sentiment and may trigger further downside pressure.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

AltLayer\u2019s native token, ALT, recorded a sharp rally on Monday, June 16, forming a notable breakout candle ahead of its listing on South Korea\u2019s leading exchange, Upbit. According to data…<\/p>\n","protected":false},"author":1,"featured_media":3066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3065"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3065\/revisions"}],"predecessor-version":[{"id":3067,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3065\/revisions\/3067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3066"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}