Market Overview for MyNeighborAlice/Tether (ALICEUSDT)

Summary
• Price tested and failed at $0.2195, forming a bearish rejection pattern.
• RSI shows oversold conditions, suggesting potential for a short-term bounce.
• Volume spiked during the breakdown below $0.2185, reinforcing bearish momentum.
• Bollinger Bands constricted in the final 4 hours, indicating possible volatility expansion.
• Turnover dipped in early morning ET despite a price drop, signaling divergences to watch.

MyNeighborAlice/Tether (ALICEUSDT) opened at $0.2189, reached a high of $0.2202, and a low of $0.2150, closing at $0.2161 by 12:00 ET. Total 24-hour volume was 739,131.63 ALICE, with a notional turnover of $156,347.07.

Structure & Formations

The pair formed a bearish rejection pattern at $0.2195, failing to hold above the level. A significant breakdown occurred below the psychological $0.2185, confirming bearish sentiment. A doji appeared near $0.2175, signaling indecision. Key support levels at $0.2175–$0.2165 were tested multiple times, with $0.2150 offering possible near-term support. Resistance appears to be shifting toward $0.2185–$0.2190.

MACD & RSI

The RSI reached oversold territory in the early morning hours, suggesting short-term potential for a bounce. The MACD line crossed below the signal line during the breakdown, reinforcing bearish momentum. A bullish crossover could signal a temporary reversal but is unlikely to confirm a full reversal without volume confirmation.

Bollinger Bands

Bollinger Bands constricted in the final four hours of the 24-hour period, signaling potential for increased volatility in the near term. . Price action moved from the upper band to the lower band, indicating a strong bearish swing.

Volume & Turnover

Volume spiked during the breakdown below $0.2185, with a single 5-minute bar exceeding 40,000 units. However, notional turnover dipped in early morning ET despite a price drop, suggesting divergences that may need monitoring.

Fibonacci Retracements

Fibonacci levels on the 5-minute chart suggest potential for a retest of the 61.8% level near $0.2175–$0.2177. Daily retracements from the $0.2150–$0.2202 swing also point to similar levels, with $0.2175 as a key pivot.

The market may see a short-term bounce from oversold RSI levels, but bearish control appears firm near-term. Investors should closely watch volume and turnover dynamics for any signs of reversal or continuation. . Volatility is expected to rise, and positions should be managed carefully with a focus on liquidity and trend continuation risk.