Market Overview for MyNeighborAlice/Tether (ALICEUSDT): 2025-10-22

• MyNeighborAlice/Tether (ALICEUSDT) formed a bearish descending triangle on the 15-min chart with a breakdown below key support at 0.326.
• RSI hit oversold territory below 30 and MACD crossed into negative territory, indicating potential short-term exhaustion.
• Volatility expanded in the 24-hour period, with volume spiking at 0.326–0.328 as prices consolidated near 0.327.
• A bullish reversal is possible if the price tests the 0.325–0.326 zone and rebounds above the 15-min 20 EMA at 0.3282.
• Divergence between volume and price suggests caution, as lower volume on recent bullish candles indicates weak follow-through.

MyNeighborAlice/Tether (ALICEUSDT) opened at 0.3506 (12:00 ET − 1), reached a high of 0.354, a low of 0.3201, and closed at 0.3281 (12:00 ET). Total volume reached 17.06 million ALICE, and turnover was $5.62 million over the 24-hour period. The pair formed a bearish descending triangle with a breakdown below key support levels.

Structure & Formations

A descending triangle pattern developed on the 15-min chart as price remained below a horizontal resistance of 0.328 and declining trendline support. The breakdown below 0.326 confirmed bearish momentum. A bearish engulfing pattern appeared at 0.326–0.328, reinforcing the bearish bias. A doji at 0.3256 suggests indecision after the breakdown, potentially signaling a short-term pullback.

Moving Averages and Volatility

The 20-period EMA on the 15-min chart is at 0.3282, and the 50-period EMA is at 0.3278, both trending lower. Prices closed below both averages, suggesting bearish momentum. Volatility, as measured by Bollinger Bands, expanded during the breakdown phase, with price closing near the lower band at 0.327, indicating oversold conditions. A rebound above the middle band (0.328) could signal a temporary reversal.

MACD & RSI

The MACD crossed into negative territory, confirming bearish momentum. RSI dropped below 30, entering oversold territory, and failed to close above 40 in recent candles. This divergence between RSI and price suggests caution, as an immediate bounce may not hold. A rebound above 0.328 could trigger a MACD cross above the signal line, indicating a potential short-term reversal.

Volume & Turnover

Volume surged during the breakdown at 0.326–0.328, with total 15-min volume reaching 2.1 million ALICE in the hour preceding the close. Turnover spiked to over $687k at 0.3265, indicating strong bearish conviction. However, recent volume on bullish candles has been weaker, suggesting fading buy-side interest. A divergence between volume and price could signal a consolidation phase ahead.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-min swing from 0.346 to 0.320, price is currently near the 61.8% retracement level of 0.331. A breakdown below 0.325 could target the 78.6% level at 0.318. On the daily chart, the 61.8% retracement of the 0.346–0.320 move is at 0.331, aligning with key support. A test of 0.325 may find buyers if RSI confirms a bullish divergence.

Backtest Hypothesis

To develop a backtest for this pair, a strategy could be built around key support and resistance levels identified above. Entry signals could be triggered when price touches 0.325–0.326 on a bullish reversal pattern with MACD confirming a cross above the signal line. Exit signals could be set when price breaches 0.330 or 0.332 on a bearish divergence. Overbought RSI levels above 60 may indicate exits. This approach could be simulated with a confirmed ticker and historical data.