Market Overview: ALICEUSDT Daily Candlestick Analysis

• ALICEUSDT fell sharply from 0.3076 to 0.2878 before recovering slightly to close at 0.3051.
• Price traded between 0.2878 and 0.3918, with RSI suggesting overbought conditions at peak.
• Heavy volume at 0.3823 and 0.3055 highlights key turning points in sentiment.
• Volatility expanded significantly during the 19:30–22:15 ET window.
• Bollinger Bands suggest consolidation near 0.3051–0.3150 could precede a breakout.

Opening Narrative

MyNeighborAlice/Tether (ALICEUSDT) opened at 0.3076 on 2025-11-08 at 12:00 ET, hit a high of 0.3918, a low of 0.2878, and closed at 0.3051 by 12:00 ET on 2025-11-09. Total volume was 62,819,737.49, with a turnover of 16,946.72 USDT.

Structure & Formations

Price swung sharply from a high of 0.3918 to a low of 0.2878 within a 3.5-hour window, forming a bearish reversal pattern after reaching overbought territory. A key bullish engulfing pattern emerged from 0.305 to 0.315 in the latter half of the session. Key support levels are forming at 0.305 and 0.297, while resistance lies at 0.315 and 0.325.

Moving Averages

On the 15-minute chart, price closed above the 20-period (0.309) and 50-period (0.312) moving averages, suggesting short-term bullish momentum. On the daily chart, the 50-period (0.317) and 200-period (0.304) averages are close to current levels, indicating potential consolidation or breakout.

MACD & RSI

The MACD line crossed above the signal line during the early bullish phase but has since declined, signaling weakening momentum. The RSI hit 94 during the 0.3918 peak and is currently at 52, indicating neutral momentum. Oversold conditions were reached during the 0.2878 low but have since been reversed.

Bollinger Bands

Volatility spiked from 0.2878 to 0.3918, expanding the Bollinger Bands significantly. Price currently trades near the middle band (0.309) within a narrowing band, suggesting a potential consolidation phase ahead. A break above the upper band or below the lower band could trigger renewed directional momentum.

Volume & Turnover

Volume surged at 0.3823 (5.27 million) and 0.3055 (1.75 million), indicating strong interest at those levels. Notional turnover aligned with volume, showing no significant divergence. A minor divergence appeared between 0.32 and 0.328, where price rose but volume fell, suggesting potential resistance.

Fibonacci Retracements

Fibonacci levels from the 0.2878 to 0.3918 swing show 0.3051 (38.2%) and 0.3204 (50%) as key psychological areas. A 61.8% level at 0.3353 could act as resistance if the bullish trend continues. On the intraday chart, 0.3051 aligns with a 61.8% retracement of the 0.292–0.328 move.

Backtest Hypothesis

To test the effectiveness of a trend-following strategy on ALICEUSDT, consider an RSI-based long entry rule: open a long position when RSI crosses above 30 (oversold), and close when it crosses back below 50 or after 3 days. This aligns with the observed bullish engulfing patterns and retracement levels noted in the Fibonacci analysis. A short strategy could similarly be tested using RSI ≥ 70 as a sell signal, given the overbought peak at 0.3918.