- The ALTURA Coin price has breached a crucial resistance level of $0.052191.
- It has surged by over 580% in 2023.
- The Current market price of the ALTURA Coin is $0.056139.
Since listing, the coin price has been falling with strong selling pressure. It has given no relief to the buyers, as the bears have aggressively sold the coin at every rise. The coin price has been in a downtrend since then.
The coin price created an all-time low level of $0.02333 on June 22, 2021. From that level, the coin price witnessed a sharp surge in the price. It created an all-time high of $0.4624 on November 3, 2021.
After that, the coin price showed a wild move on the lower side and melted down over 87% from the high. It was a massive fall that surely left the investors in fear and pain.
In 2023, the ALU coin price halted the selling and showed buying pressure from the lower level. It has surged by over 580% from the lows, which is remarkable.
Can the ALU Coin Price Reach the $0.1000 Level in 2024?
Altura coin price has formed an ascending triangle pattern on the daily chart and it has recently given a breakout of the same. It is considered one of the reliable bullish patterns for the traders.
The ALU Coin price has breached the crucial resistance level of $0.050404 and is now trading close to this level again. That level is now acting as the support level and the price can take a halt here.
The other support level for the price is present near the $0.027898 level. The bulls have defended this level strongly and the price has witnessed a very sharp surge from there.
At present, the resistance level of the price is present near the $0.088470 level. If the price breaks this level in the future, it can move toward the other resistance level and that’s present near $0.118756.
What are the EMAs and RSI Indicating About the ALU Coin?
The coin price is trading above the 50-day and 200-day exponential moving averages (EMA), which shows that the trend of the coin is bullish at present. Recently, the EMAs have shown a golden crossover, which is considered bullish.
The relative strength index (RSI) is curving at 54.17 and that shows the momentum is favoring the bulls. However, the slope of the RSI is bending downward, which shows that the bulls are losing momentum.
Conclusion
The ALTURA coin price has shown a bullish trend in recent times and is currently testing the support zone. The bulls should hold the price up from the support level. If not, the price can fall toward the other support level of $0.027898.
Technical level
Resistance level – $0.088470 and $0.118756
Support level – $0.050404 and $0.027898
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.