Market Overview for MyNeighborAlice/Tether (ALICEUSDT) on 2025-09-20

• ALICEUSDT traded in a consolidating range with a sharp drop late ET, closing near session lows.
• Volatility spiked during the 23:30–00:00 ET window, with a 500+ volume-weighted drop.
• Overbought conditions faded mid-session, with RSI entering neutral territory.
• Bollinger Bands constricted early, followed by a sharp expansion after 23:30 ET.
• Downtrend confirmed on 15-minute chart, with key support at 0.3535–0.3522.

24-Hour Summary

On September 20, 2025, MyNeighborAlice/Tether (ALICEUSDT) opened at 0.3601 at 12:00 ET–1 and traded between a high of 0.3652 and a low of 0.3522 before closing at 0.3623 at 12:00 ET. Total volume for the 24-hour period was 1,697,759.56, and notional turnover amounted to 576,804.31 (volume × price). The pair displayed a bearish bias, with late-night selling pressure driving the price down after a period of consolidation.

Structure & Formations

The 15-minute chart showed a bearish breakdown from 0.361–0.3625 resistance levels, with a key support cluster forming around 0.3535–0.3522. A long-legged doji formed at 0.3587–0.3598 on the 23:45–00:00 ET candle, signaling indecision before a sharp decline. A bullish engulfing pattern was observed early in the session but failed to hold as bearish momentum took over after 23:30 ET.

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) and 50SMA crossed bearishly, with the 50SMA below the 20SMA by late session. For the daily chart, the 50DMA crossed above the 100DMA earlier in the week but has since fallen below the 100DMA, indicating a potential reversal in medium-term momentum.

MACD & RSI

The MACD crossed below the signal line early in the session, confirming bearish momentum. RSI remained within neutral territory (30–70) for most of the session, dipping toward 35 after 23:30 ET, which could signal oversold conditions. However, the lack of a strong rebound suggests continued bearish bias.

Bollinger Bands

Bollinger Bands constricted between 0.360–0.361 early in the session, followed by a sharp expansion after 23:30 ET as volatility increased. The price closed just above the lower band on the final 15-minute candle (16:00–16:15 ET), indicating weak support near 0.3623.

Volume & Turnover

Volume spiked after 23:30 ET, with the 23:30–00:00 ET candle recording a turnover of 136,606.67 and a price drop of nearly 0.0055. The price decline was confirmed by strong bearish volume, indicating distribution rather than a short-term bounce.

Fibonacci Retracements

On the 15-minute chart, a 61.8% retracement level at 0.3559–0.3562 coincided with a temporary support bounce around 01:30–02:00 ET. On the daily chart, the 61.8% retracement from the previous week’s high at 0.3685–0.3690 aligns with the current price action, suggesting a potential turning point.

Forward Outlook & Risk

The next 24 hours could see continued consolidation or a test of the 0.3522–0.3535 support zone, with a potential bounce if buyers emerge. A break below 0.3522 could extend the downtrend to 0.3450–0.3480. Investors should monitor volume dynamics and RSI for signs of a reversal.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions when the 20SMA crosses below the 50SMA and RSI falls below 40, with stop-loss placed above the 61.8% Fibonacci retracement level. Long positions could be considered if the 50SMA turns upward and RSI enters overbought territory. The strategy would benefit from volume confirmation and divergence in MACD.