Market Overview for MyNeighborAlice/Tether (ALICEUSDT) on 2025-10-27

• Price action shows a 24-hour decline from 0.3413 to 0.3312, with a bearish bias.
• Key support appears at 0.3300–0.3290, with recent rejections and bounces from this level.
• Volume spiked during the 21:45–22:00 ET session, reflecting heightened bearish momentum.
• RSI indicates oversold conditions at times, while MACD suggests weakening bullish momentum.
• Bollinger Bands show moderate volatility, with price hovering near the lower band for much of the session.

24-Hour Open-High-Low-Close and Volume Summary

At 12:00 ET on 2025-10-27, MyNeighborAlice/Tether (ALICEUSDT) opened at 0.3413 and traded as high as 0.3458 before closing at 0.3312 at 12:00 ET. The 24-hour range was 0.3458 (high) to 0.3252 (low). Total volume reached 5.92 million tokens, while notional turnover amounted to approximately $1.97 million, reflecting moderate trading interest.

Structure & Formations

The price structure shows a clear bearish slant, with a large candle forming between 21:45–22:00 ET (volume 1.14M, low 0.3234, high 0.3335, close 0.3330), followed by a series of lower highs and lower lows. A notable bearish engulfing pattern appeared at the 21:45–22:00 time window, confirming a shift in sentiment. The price appears to have found support around 0.3300–0.3290 multiple times, forming a short-term floor.

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20-period moving average (MA) crossed below the 50-period MA, confirming bearish momentum. Daily indicators also show the 50-period MA above the 200-period MA, suggesting a longer-term bearish bias. The MACD line remained below the signal line for the majority of the session, and the histogram showed a steady bearish divergence. The RSI reached levels near 30 during the late ET hours, signaling potential oversold conditions and a possible near-term bounce.

Volatility and Fibonacci Retracements

Bollinger Bands showed a moderate expansion from the 21:45–22:00 session, with price closing near the lower band, suggesting increased volatility and bearish momentum. The recent 15-minute swing from 0.3458 to 0.3298 saw ALICEUSDT bounce off the 61.8% Fibonacci level at 0.3337–0.3340. This area appears to be acting as a minor resistance zone now. Volume and price action align with a consolidation phase near the 0.3310–0.3330 range.

Forward-Looking View and Risk Consideration

The next 24 hours could see a test of the 0.3310–0.3330 range, with potential for a short-term bounce if bulls show strength. However, a break below 0.3300 may trigger further downside toward the 0.3270–0.3250 level. Investors should closely monitor volume for confirmation of any reversal attempts or a deeper bearish phase.

Backtest Hypothesis

A backtesting strategy was planned to evaluate the performance of a short-side trade based on the appearance of Bearish Engulfing patterns. Unfortunately, the data provider returned an internal error when attempting to fetch the specific dates for these patterns in the ALICEUSDT pair. Options moving forward include retrying the data call, manually supplying the pattern dates, or deferring the analysis until the issue is resolved. Given the current bearish trend and confirmed pattern at 21:45–22:00 ET, a strategy relying on such formations could be profitable if refined with accurate historical timestamps.