Market Overview for MyNeighborAlice/Tether (ALICEUSDT)

Summary
• Price surged from 0.1730 to 0.1873, forming a bullish breakout with strong momentum.
• Volume spiked significantly in the early morning ET, supporting higher prices.
• RSI climbed into overbought territory near 0.1873, suggesting possible near-term pullback.
• A large 5-minute bullish engulfing pattern formed at 0.1790–0.1814, indicating buyer strength.
• Volatility expanded as price moved outside Bollinger Bands, with 61.8% Fibonacci level at 0.1855 acting as resistance.

At 12:00 ET on 2026-01-17, MyNeighborAlice/Tether (ALICEUSDT) opened at 0.1730, touched a high of 0.1873, a low of 0.1723, and closed at 0.1853. Total volume reached 3,462,584.88, with turnover at 642,814.26 USDT.

Structure & Formations

The 24-hour candlestick chart displayed a strong bullish bias with a decisive move above key resistance at 0.1790 and 0.1814. A bullish engulfing pattern formed during the early morning, confirming a shift in momentum. A doji near 0.1830 signaled potential short-term consolidation. Key support levels appear at 0.1776 and 0.1742, while 0.1855 marks a critical Fibonacci 61.8% retracement level from the prior swing.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart are well above the previous trend line, reinforcing the bullish trajectory. On the daily chart, the 50-period MA crossed above the 200-period MA, indicating a potential continuation of the uptrend. The MACD crossed into positive territory and showed a growing histogram, confirming strengthening momentum. RSI reached 68 near 0.1873, indicating overbought conditions and a possible pause or correction.

Volatility and Turnover

Price volatility expanded sharply following the breakout above 0.1790, as seen in the widening Bollinger Bands. The move above the upper band reinforced the strength of the bullish move. Notional turnover surged significantly during the 06:00–08:15 ET period, coinciding with the high-volume buying push that drove the price above key levels. No major volume divergence was observed, suggesting price and volume action aligned.

Forward-Looking Observations

Looking ahead, a test of 0.1855–0.1860 is likely, with a potential pullback toward the 0.1790–0.1814 area if momentum stalls. Traders should watch for a failure to break above 0.1860, which could signal a near-term consolidation. As always, volatility and large-volume moves in illiquid pairs may pose risks for short-term traders.