ALT Market Review - July 10, 2026
Despite the growing volume of market sales, their impact on the price continues to wane. Buyers are maintaining the initiative thanks to strong limit support, and the market has approached the previous high, where the future direction may be determined.
Table of contents
In this market review, we do not attempt 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
Cumulatively, sell orders remain significantly predominant in market orders. This is clearly reflected in the aggregated cumulative delta histogram. In recent periods, market sell volumes have continued to gradually increase (red rectangle), but their impact on the price has become noticeably weaker. Despite increased seller activity, the market is no longer showing a comparable decline, indicating a decrease in the effectiveness of market sells and a gradual shift in the balance of power.
Limit orders continue to show a long-term cumulative increase in buy volumes, although their volumes have begun to gradually decline in the last period (green rectangle). Nevertheless, limit demand remains dominant and continues to act as additional support. This behavior indicates that buyer interest remains close to the current price range, where limited liquidity is actively absorbing incoming market selling and limiting further declines.
Price per Unit Volume Change
The effectiveness of volume has once again begun to shift in favor of buyers: a smaller volume is required to drive the price up compared to downward pressure. This indicates an increase in the effectiveness of buying activity and a gradual decline in the effectiveness of market selling.
This dynamic means that buyers are beginning to exert a more noticeable influence on the price, even with relatively small volumes. In turn, sellers are forced to increase their market selling volume to achieve a similar effect.
Balance Index
The Balance Index has shifted to the normal percentile range and currently shows no clear advantage for either buyers or sellers.
Price Dynamics
The effectiveness of market sell orders continues to decline. Despite the continued cumulative volume advantage of sellers, the price is no longer responding with a corresponding decline and, on the contrary, is gradually shifting upward. This indicates that incoming selling volumes are being increasingly absorbed by buyers.
At the same time, buy orders remain significantly predominant in limit orders, reflecting market participants’ desire to establish stable support within the current range. It is precisely the opposing limit liquidity that is limiting further declines. Currently, the market is also near the previous local high.
Summary:
According to Charles Dow’s theory, the local structure is still in a sideways phase. Despite the gradual weakening of sellers’ effectiveness and the strengthening of buyers’ role, the market has not yet formed a fully developed directional trend.
The increasing effectiveness of buying volumes, the predominance of limit demand, and the lack of price response to increasing market selling indicate a gradual strengthening of buyers’ positions. However, the price remains near the previous high.
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