ALT Market Review - June 26, 2026
Despite the continued prevalence of market selling, the market has stopped breaking new lows. Limit demand is increasing, and large liquidity is supporting the price, indicating the market is entering a consolidation phase and selling pressure is easing.
Table of contents
In this market review, we do not attempt to predict the future. Our goal is to state the facts available at the current moment and base our decisions on those facts rather than on expectations or hopes.
Market Orders and Limit Orders
Cumulatively, market sell orders continue to show a significant dominance. This is clearly reflected in the aggregated cumulative delta histogram (red rectangle) and indicates ongoing selling pressure within the current range. Despite the high level of market selling activity, sellers have been unable to break the previous local low, suggesting a gradual decline in the effectiveness of their impact on price.
At the same time, limit orders show a significant cumulative increase in buy volume (green rectangle). These orders act as limit support and reflect the presence of opposing demand from buyers. Market participants are increasingly placing limit buy orders in the lower part of the range, absorbing a portion of the incoming market sell volume and preventing further downside development. Such behavior often indicates a gradual increase in buyer interest near the current price levels.
Volume Heatmap
The heatmap also shows an abnormally large concentration of limit liquidity slightly below the current price (blue rectangle). It was in this area that sellers encountered significant opposing demand, allowing the decline to be halted and providing local price support.
The presence of such liquidity indicates increased buyer interest within this price range. As long as this liquidity remains in place, it continues to serve as an important factor limiting further downside development.
Balance Index
The Balance Index has moved back into its normal percentile range and currently shows no significant advantage for either side. This suggests that, following the previous imbalance, the market is gradually transitioning into a more neutral state, with buyer and seller activity becoming more balanced.
Price Dynamics
During the latest pullback, the price failed to break the previous low, marking an important change in market structure. Despite the continued numerical dominance of market sell orders, the market has stopped responding with further downside, indicating weakening seller effectiveness.
At the same time, limit orders show a significant increase in buy volume, reflecting market participants’ efforts to establish solid support within the current range. The accumulation of opposing limit demand is helping to hold the price and is gradually limiting the continuation of the bearish impulse.
Conclusion
According to Charles Dow’s theory, the local market structure is gradually transitioning into a sideways phase. After a prolonged decline, the market has stopped making new lows, indicating weakening bearish momentum.
Additional confirmation comes from growing limit support, the appearance of an abnormal concentration of buyer liquidity on the heatmap, and the declining effectiveness of market selling. While these factors are not yet sufficient to confirm the formation of a sustainable uptrend, they do suggest an increased probability of the market entering a consolidation phase before determining its next directional move.
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