Technical analysis by KECapital about Symbol ALT on 2/26/2025

Altlayer - emerges as a decentralized protocol designed to revolutionize the blockchain landscape by simplifying the launch of native and restaked rollups. These rollups, which can be based on optimistic or zk-rollup stacks, benefit from enhanced security, decentralization, and interoperability. The protocol’s innovative approach includes the concept of restaked rollups, leveraging mechanisms from various rollup stacks such as OP Stack, Arbitrum Orbit, Polygon CDK, and ZK Stack. A key feature of Altlayer is its native utility token, ALT, which serves multiple functions within the ecosystem. ALT is used for economic bonding, governance, protocol incentives, and payment of protocol fees. This tokenomics model ensures that ALT holders play a significant role in maintaining and managing the network. Binance Labs has invested in this coin. ----------------------------------------------------- ✅ The previous trading idea closed only one sell zone, gaining +97% since publication. The remaining position was stopped out around +70%. ⤵️ The price then retraced back into the descending channel, following the overall market sentiment. Logically, there are a few possible scenarios: 1️⃣ - A sideways range starts to form (a channel within a channel). 2️⃣ - A V-shaped recovery from the current levels. 3️⃣ - A continued decline within the descending channel. 🛒 From the allocated amount for this coin and the previously locked-in profit, I’m starting to build a position.Updated the chart. The price is still moving within the descending channel and currently accumulating in a sideways range. I anticipated this range even before the channel fully formed and marked it in a previous post - though it should have been drawn lower, along the trend. Toward the 0.02497 zone that I had highlighted earlier - it's amazing how precisely the price held that area!)) An important zone lies ahead - the resistance of the outer descending channel (bold red line) Marked the possible scenarios on the chart.