MyNeighborAlice/Tether (ALICEUSDT) Market Overview – October 31, 2025

• Price tested key support at $0.2660 before rebounding to close near 0.2724.
• Volatility remains moderate with price range of $0.2651–$0.2833.
• Rising turnover suggests building conviction ahead of a potential breakout.
• RSI hovering around 45–55 suggests neutral momentum with no overbought/oversold conditions.
• No clear engulfing or doji patterns observed in the 15-minute chart.

The MyNeighborAlice/Tether pair (ALICEUSDT) opened at 0.2728 at 12:00 ET – 1 and closed at 0.2724 at 12:00 ET on October 31, 2025. During the 24-hour window, the pair traded between $0.2651 and $0.2833, with total volume of approximately 2.99 million units and a notional turnover of $742,293. Price action revealed a retest of support at $0.2660, followed by a gradual rally back into the upper half of the range.

Structure and formations indicate that $0.2660 acted as a strong support level, with several bars closing above it after a pullback. A small bearish engulfing pattern briefly appeared around 17:30 ET, but was quickly negated by a bullish rebound. The price failed to establish a clear trend, fluctuating between $0.27 and $0.275 for most of the session. A key resistance at $0.275 is yet to be decisively tested.

Moving averages for the 15-minute chart show the 20-period MA crossing above the 50-period MA in the late evening hours, suggesting a potential short-term bullish shift. However, these signals remain tentative as the 50-period MA has not yet crossed above the 100-period MA on the daily chart. This implies that the intermediate-term bias remains neutral to slightly bearish.

RSI has spent most of the session in the neutral zone between 45–55, with no extreme readings indicating overbought or oversold conditions. MACD remained close to the zero line with a small positive divergence late in the session, hinting at a possible near-term reversal. Bollinger Bands are currently in a moderate expansion phase, with price sitting close to the middle band, suggesting continued consolidation ahead of a potential breakout.

The next 24 hours may see ALICEUSDT testing key resistance at $0.275 and support at $0.2660 again. A breakout above $0.275 could lead to further upward movement toward $0.280, while a breakdown below $0.2660 may trigger a deeper pullback. Investors should watch for a confirmation of a bullish engulfing pattern or a breakout above the upper Bollinger Band for a stronger conviction trade.

Fibonacci retracements on the last 15-minute leg suggest a potential 61.8% retracement level at $0.2695, which aligns with a minor support zone. On the daily chart, the 50-day and 200-day MAs have been in a bearish alignment for several sessions, but recent momentum suggests a potential shift. A move above $0.275 could invalidate the near-term bear case and initiate a short-term bullish phase.

Backtest Hypothesis

A backtest strategy relying on the Bullish-Engulfing pattern could be applied to ALICEUSDT to assess its effectiveness in a 3-day-hold framework. However, due to a data-source limitation, specific occurrences of the pattern for this ticker are not currently available. To proceed, one of the following options is recommended:

1. If you can manually identify and provide dates when the Bullish-Engulfing pattern has historically formed on ALICEUSDT, I can directly apply the 3-day-hold strategy to those dates and provide a performance report.
2. Alternatively, if raw daily OHLCV data for ALICEUSDT from 2022-01-01 to today is available, I can process it to detect the pattern automatically and then run the backtest.
3. As a fallback, we could apply the same strategy to a supported ticker such as BTCUSDT or ETHUSDT, where pattern detection and backtesting can be completed without limitations.

Please specify your preferred method so we can proceed with the hypothesis testing.