Altlayer (ALT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Governance has lost 0.86% to $0.54055003.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
ALT’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Altlayer price is in a favorable position going forward. With support at $0.496708944588469 and resistance set at $0.578882351666258. This leaves Altlayer with room to run before facing selling pressures.