MyNeighborAlice/Tether Market Overview (ALICEUSDT): 24-Hour Price Action and Volatility Insights

• Price surged past key resistance to 0.3839 before consolidating near 0.3795.
• Volume expanded significantly during late ET hours, confirming bullish momentum.
• RSI and MACD suggest overbought conditions, hinting at potential pullbacks.
• Bollinger Bands show price near upper band, indicating extended volatility.
• Fibonacci 61.8% level at 0.3765 offers short-term support ahead of 0.3739.

Price and Volume Summary

MyNeighborAlice/Tether (ALICEUSDT) opened at 0.3590 on 2025-09-17 at 12:00 ET and surged to a high of 0.3839 before closing at 0.3795 at 12:00 ET on 2025-09-18. Total volume reached 1,158,691.56, while turnover amounted to 432,635.53 USDT over the 24-hour period.

Structure & Formations

The price of ALICEUSDT exhibited a strong bullish bias over the last 24 hours, particularly after the 19:30 ET hour, when it broke past 0.3700 and continued to push higher. A bearish engulfing pattern formed near 0.3839 in the late session, suggesting a potential reversal or consolidation phase. Key support levels appear at 0.3765 (Fibonacci 61.8%) and 0.3739, while 0.3839 and 0.3860 could act as resistance for the near term. A doji appeared near 0.3819, signaling indecision among traders.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upwards, confirming the bullish bias. On the daily chart, the 50-period SMA is above the 100- and 200-period SMAs, reinforcing the upward trend. RSI stands at 58–60, indicating that while the price is not overbought yet, momentum is slowing. MACD has crossed into positive territory and shows a narrowing histogram, suggesting momentum may be peaking.

Bollinger Bands and Volatility

Price has spent much of the session near the upper Bollinger Band, particularly after 22:00 ET, which indicates extended volatility. A contraction in the bands occurred briefly around 05:00 ET before a sharp expansion, signaling the onset of increased trading activity and sentiment-driven movement. This pattern may set the stage for a breakout or a pullback to the 0.3765–0.3780 range.

Volume and Turnover

Volume spiked dramatically from 18:00 to 20:00 ET, coinciding with the price reaching 0.3839, indicating strong buyer participation. Notional turnover also surged during this period, confirming the volume action. However, after 02:00 ET, volume declined despite price consolidation, suggesting potential divergence and a possible pause in the upward trend.

Fibonacci Retracements

Using the 15-minute swing from 0.3610 to 0.3839, Fibonacci retracement levels show 38.2% at 0.3743 and 61.8% at 0.3765. Price has pulled back to the 61.8% level in recent hours and may test the 0.3765 level as support. Daily Fibonacci levels (based on a larger swing) align with key support/resistance areas, suggesting the 0.3739 level may be pivotal in the next 24 hours.

Backtest Hypothesis

A potential strategy could involve a long entry when price retests the 0.3765 Fibonacci support level with confirmation by a bullish engulfing or a pinocchio candle. A stop loss could be placed below 0.3739, with a target at 0.3819 and an extended target at 0.3850. This hypothesis aligns with the current MACD and RSI signals, which suggest momentum is slowing, and a pullback could offer a strategic entry point for continuation of the upward trend. The Bollinger Band position near the upper band also supports the idea of a potential retracement before resuming the upward bias.