ALT Market Review - May 22, 2026
Sellers continue to maintain pressure on the market: sell orders predominate, and local support is gradually weakening. The price remains in a downward structure and continues to move sideways after the decline.
Table of contents
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
Locally, the balance of market orders has shifted slightly upward, but over the recent period, a distinct predominance of sell orders has been observed. This is clearly reflected in the aggregated delta histogram (red rectangle) and indicates continued seller activity within the current range.
At the same time, buy orders remain dominant among limit orders, but their volumes are gradually decreasing (green rectangle). This may indicate a gradual weakening of local limit support and a decline in buyer activity in maintaining the current range.
Z-Score (price)
On the last decline, the price was locally rejected by downward selling into the abnormal percentile value zone (red arrows). After this rejection, the price remained within this range, indicating a short-term increase in selling pressure without subsequent development into a sustained impulse move.
Balance Index
The Balance Index has returned to the normal percentile range and currently shows no significant bias. This reflects a localized reduction in the imbalance between buyers and sellers.
Price Dynamics
After a local downward pullback, the price entered a sideways movement, but sell market orders continue to predominate. At the same time, buy limit orders still remain dominant, but their volumes are gradually decreasing, which may indicate a weakening of current support.
Summary:
According to Charles Dow’s theory, the local downward movement is currently ongoing: lows continue to be made, indicating continued selling pressure and no signs of a reversal.
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