Technical analysis by IvanLabrie about Symbol ALT: Buy recommendation (6/2/2024)

AltLayer is a decentralized protocol that provides a platform for launching and scaling customized blockchains called rollups. These rollups are separate execution environments that inherit the security of their underlying base layer (like Ethereum) while offering faster transaction speeds and lower fees.Since the token was airdropped, price has been sideways, forming what looks like a weekly accumulation pattern. Daily chart is now trending up for a while, and suggests we can get a hefty move up from this range next if it gets follow through.You can hold and stake, and restake your ALT tokens here: stake.altlayer.io/stakeThis will give you reward from staking plus potential airdrops over time.Definitely an interesting project to be invested in.Best of luck!Cheers,Ivan Labrie.