My Neighbor Alice’s (ALICE), price could see a significant bounce in Tether (USDT) to reach $5.
Ethereum prices saw an immediate relief rebound from $1600 to $1800, ahead of merge sentiments that led to other altcoins, such as My Neighbor Alice, rebounding from weekly lows. (Data feeds via Binance
Alice Price Analysis on the Weekly Chart
The chart shows that the ALICE price saw a weekly drop of about $1.9. It bounced back from there and continued to range between $1.9-$3.
It faces resistance at $3.
This bullish structure could continue to drive the ALICE price up on the weekly charts and it may quickly reach the $5 mark.
Volume shows good buy bids pushing ALICE’s price higher.
Weekly resistance for the price of ALICE – $3.
Weekly support for the price of ALICE – $1.9.
Alice Price Analysis On The Daily (1D), Chart
ALICE’s price found support around $1.92 with what appears to be an area for interest on the daily charts.
ALICE bounced from its support, forming a ranging channel between prices $1.92 – $3.2 with more buy bids lately.
As of this writing, ALICE’s price is at $2.72. The channel faces resistance of $3.2 as well as trading above 50 exponential moving averages. This corresponds to resistance at $2.65.
The support of $1,92 could be used to keep sell-offs from occurring if the ALICE price does not break through the channel or falls below 50 EMA.
More buy orders could lead to ALICE reaching $3.2, which is resistance in the weekly chart.
The RSI value for ALICE’s daily chart is greater than 50. It indicates healthy ALICE buy bids.
Volume for ALICE is good. This indicates that prices will trend higher.
Daily (1D) resistance for ALICE price – $3.2.
Daily (1D) support for ALICE price – $2.65, $1.9.
Alice Price Analysis On The Four Hourly (4H), Chart
ALICE prices have shown some variation in the channel chart 4H charts, with the price facing rejection at $3.2.
Alice price at $2.7 trading lower than 50, but above 200 EMA. Prices of $2.8 and $2.6 are on the 4H chart. The 200 EMA would provide support for ALICE in the 4H chart.
Four Hourly (4H) resistance for ALICE price – $3.2.
Four hourly (4h) support for ALICE price – $2.6, $2.1.
Teknone Featured Image, Charts from TradingView.com