Market Overview: MyNeighborAlice/Tether (ALICEUSDT) 24-Hour Performance and Implications

Summary
• Price found support near 0.1730-0.1750 and tested resistance at 0.1765-0.1780 on the 5-minute chart.
• Volume spiked in late overnight hours, confirming a reversal from 0.1743 to 0.1763.
• RSI showed oversold conditions before a rebound, suggesting potential for a near-term rally.

MyNeighborAlice/Tether (ALICEUSDT) opened at 0.1783 on 2026-01-07 12:00 ET, reached a high of 0.1809, and fell to a low of 0.1730 before closing at 0.1741 on 2026-01-08 12:00 ET. Total volume was 622,997.61, and turnover amounted to 108,484.89 USDT.

Structure & Formations

The price action formed a bullish reversal pattern near 0.1730–0.1743, with a key support zone reinforcing this range. A series of higher lows and lower highs over the last 5-minute candles suggests a possible consolidation before a breakout.

Moving Averages

On the 5-minute chart, the 20SMA and 50SMA crossed near 0.1750, indicating a short-term shift in momentum. Daily 50/100/200 SMA alignment showed a bearish slope, but the price’s bounce suggests a potential pullback.

MACD & RSI

MACD crossed into positive territory after 03:00 ET, aligning with the price rebound. RSI hit oversold levels near 30 before recovering, pointing to a potential rally if buyers hold above 0.1745.

Bollinger Bands

Volatility expanded as the price broke out of a narrow range near 0.1745–0.1760. Price settled slightly below the mid-band, indicating a mixed signal of containment and potential breakout.

Volume & Turnover

Volume surged after 03:30 ET, confirming the rebound from 0.1730–0.1745. Turnover aligned with volume spikes, showing no major divergence in price and liquidity.

Fibonacci Retracements

A 5-minute retracement from 0.1730 to 0.1780 highlighted key levels at 0.1747 (38.2%) and 0.1762 (61.8%), with the price currently consolidating around the 38.2% level.

If buyers continue to hold above 0.1745, the price could test 0.1762–0.1765 over the next 24 hours. However, a breakdown below 0.1730 would signal renewed bearish momentum. Investors should watch for a decisive break above 0.1765 or below 0.1730 to confirm direction.