ALT Market Review - February 20, 2026
Sideways trading after the decline 📊 Market selling predominates with simultaneous limit support. Low volatility, neutral balance, and liquidity concentration in the range.
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 the aggregated format, the cumulative predominance of sell market orders (red arrow) persists. This is clearly reflected in the cumulative delta histogram and indicates ongoing pressure from market sellers.
At the same time, limit orders consistently predominate over buy orders (green arrow). In the current market structure, it is these volumes that act as support, curbing market selling pressure and preventing the price from declining further.
Heatmap in Volume Mode (blue rectangle)
The heatmap shows significantly abnormal clusters of limit buy orders slightly below the current price (blue rectangle). There is also a less pronounced density of limit orders above the current range (blue rectangle), indicating a localized concentration of liquidity in both directions.
This structure indicates the formation of a balance zone, where participants are accumulating positions and actively providing liquidity within the range.
Balance Index
The Balance Index has shifted closer to neutral and is within normal percentile values.
This further confirms the absence of a pronounced imbalance and indicates the market is entering a consolidation phase.
Price Dynamics
Despite the prevalence of market selling, the price continues to move sideways. More limit buy orders are being placed, and the market is failing to break the local low.
Result:
After the extreme decline, the market entered a sideways trading phase. For about 15 days now, the price has failed to break either the local high or low. Volatility remains low.
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