ALT Market Review - January 30, 2026
The prevalence of market selling leads to a renewal of the local minimum and the formation of a descending structure. Limited demand is present, but it is not enough to halt the decline; selling remains effective.
Table of content
In this market review, we are not attempting to predict the future; our task is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
Market Orders and Limit Orders
In aggregate, over an extended period, sell orders have cumulatively dominated market orders (red line). This is clearly reflected in the cumulative market delta histogram and indicates persistent pressure from market sellers.
At the same time, buy orders (green rectangle) have cumulatively dominated limit orders. These volumes are currently acting as support, but they are still not sufficient to halt the price decline.
Z-Score (price)
During the period under review, participants’ sales pushed the price down by more than 2 standard deviations (blue arrow), which is an anomalous value and indicates increased selling intensity.
Balance Index
The balance index has currently shifted downwards, but remains in the middle percentile, without extreme values.
Price Dynamics
Amid prevailing market selling, the price has declined significantly. Limit buy orders are currently insufficient to stop the move.
Summary:
The price has reached a new low, and according to Charles Dow’s theory, a downward trend has formed. Currently, selling remains effective and continues to put pressure on the price.
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