Market Overview for MyNeighborAlice/Tether (ALICEUSDT) – 24-Hour Summary (2025-10-08)

• Price action shows a moderate bearish bias with a key support at 0.3331 and resistance at 0.3450.
• Volume remains elevated during the overnight bearish phase but shows signs of consolidation in recent sessions.
• RSI indicates a pullback into neutral territory, while MACD remains bearish, suggesting momentum is waning.
• Bollinger Bands show moderate volatility expansion, with prices near the lower band, indicating oversold conditions.
• Fibonacci retracements align with key support and resistance levels, reinforcing potential reversal zones.

The MyNeighborAlice/Tether (ALICEUSDT) pair opened at 0.3383 on 2025-10-07 at 12:00 ET and closed at 0.3403 the following day at 12:00 ET. The 24-hour range extended from a low of 0.327 to a high of 0.3492. Total volume for the period was 6,422,082.59, while notional turnover reached approximately $2,195,387.89.

Structure and formations reveal a bearish bias with key support at 0.3331 and resistance at 0.3450. A notable bearish engulfing pattern emerged around 03:30–04:15 ET, followed by a period of consolidation. The 0.3331 level appears to be a strong support zone based on multiple retests and failed breakouts. A doji formed around 03:45 ET, indicating indecision at that critical support level.

Moving averages on the 15-minute chart show a bearish cross with the 20-period MA below the 50-period line, reinforcing the short-term bearish momentum. On the daily chart, the 50-period MA is near 0.3410, slightly above the 100-period MA at 0.3395. Both lines are below the 200-period MA at 0.3350, suggesting a medium-term bearish bias.

The RSI indicator has pulled back from overbought territory, currently hovering in the 48–52 range, indicating a neutral momentum phase. MACD remains negative but has shown signs of a potential bearish exhaustion with the histogram decreasing in magnitude. Bollinger Bands have expanded, reflecting increased volatility, with price currently sitting near the lower band around 0.3331–0.3340, suggesting a temporary oversold condition.

Fibonacci retracements on the 0.327–0.3492 range align with key levels observed in the 15-minute and daily charts. The 38.2% retracement level sits at 0.3378, which coincides with recent consolidation zones. The 61.8% level at 0.3432 appears to act as a resistance, confirmed by a prior bearish reversal. On the daily chart, Fibonacci levels reinforce the bearish trend, with the 50% retracement line at 0.3381 overlapping with the 50-period moving average.

Volume and turnover patterns suggest a bearish overnight phase, with significant selling pressure observed between 03:00–04:30 ET. Notional turnover during that time exceeded $115,000, with a notable divergence between volume and price. While volume spiked during the bearish move, the price failed to break key support levels, indicating a potential reversal. Recent volume has decreased, suggesting buyers are starting to show interest around 0.3331–0.3350.

Backtest Hypothesis
A potential backtest strategy could involve entering a short position on a bearish engulfing pattern forming near key resistance levels confirmed by RSI overbought conditions and a bearish MACD crossover. The target could be set at the next Fibonacci level (e.g., 38.2% retracement) and stop-loss placed above the nearest swing high. This approach would align with the observed 15-minute price structure and technical indicators, leveraging both pattern-based and momentum signals.