Market Overview for MyNeighborAlice/Tether (ALICEUSDT)

Summary
• Price tested key resistance at 0.224 before retracting; 61.8% Fibonacci level appears critical.
• RSI signaled overbought conditions during the peak rally, followed by bearish divergence.
• Volume spiked during the 0.224 high but declined afterward, signaling weakening momentum.
• Price remains in a narrow Bollinger Band range, suggesting consolidation ahead of a breakout.
• A bullish engulfing pattern formed near 0.2185, hinting at short-term reversal potential.

Market Overview

MyNeighborAlice/Tether (ALICEUSDT) opened at 0.2165 on 2025-12-11 at 12:00 ET, reached a high of 0.2244, and closed at 0.2192 by 12:00 ET on 2025-12-12. The pair traded within a 0.216–0.2244 range, with total volume of 1,110,000.49 and notional turnover of approximately $243,900.

Structure and Patterns

Price rallied toward 0.2244, finding resistance and then consolidating. A bullish engulfing pattern formed near 0.2185, suggesting short-term buyers may step in. A key 61.8% Fibonacci level at 0.2217 appears relevant as the price retraced lower.

Moving Averages and Momentum

On the 5-minute chart, the 20SMA crossed above the 50SMA, signaling a short-term bullish tilt. However, the MACD showed a bearish crossover after the 0.2244 peak, and RSI entered overbought territory before diverging lower, suggesting momentum may wane.

Volatility and Volume

Price action remained within a narrow Bollinger Band range for much of the session, indicating low volatility. The 18:45 ET candle saw a volume spike of 160k and a high of 0.2204, but subsequent volume decreased, suggesting buyers may be hesitant.

Forward-Looking Outlook

ALICEUSDT may test the 0.2244 resistance again if bullish momentum resumes, but a breakdown below 0.219 could trigger further short-term selling. Investors should remain cautious ahead of potential volatility if volume increases with directional clarity.