MyNeighborAlice/Tether Market Overview for 2025-09-24

• Price traded in a tight 0.315–0.326 range, with late-day breakout to 0.3307 driven by rising volume.
• Momentum shifted after 09:00 ET with RSI breaking above 60, suggesting growing bullish conviction.
• Volatility spiked midday as Bollinger Bands widened, with closing price near the upper band.
• Volume surged to 339,750.72 at 14:00 ET, but turnover failed to confirm higher highs.
• Key support at 0.3233 and resistance at 0.3262 tested multiple times; bearish engulfing patterns appeared below 0.32.

The MyNeighborAlice/Tether (ALICEUSDT) pair opened at 0.3243 on 2025-09-23 at 12:00 ET and closed at 0.3248 on 2025-09-24 at 12:00 ET, with a 24-hour high of 0.3307 and low of 0.315. Total volume traded was 339,750.72, and notional turnover amounted to ~$107,200 (approx. 339k * $0.32).

Structure & Formations

Price action formed a defined trading range between 0.315 and 0.326 for most of the day, with a key breakout at 14:00 ET when it reached 0.3307. This was followed by a sharp reversal back toward 0.3233, indicating a test of support. A bearish engulfing pattern was observed around 0.3225, and a morning doji at 0.3228 suggested indecision. Key resistance levels appear at 0.3262 and 0.3285, while 0.3233 and 0.3215 acted as strong supports.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA early in the morning, signaling short-term bullish momentum. However, the 50-period SMA remained above both, suggesting a mixed outlook. Daily MA indicators (50/100/200) remained in a slightly bullish alignment, with the 50-day line crossing above the 100-day line in recent days.

MACD & RSI

The MACD turned positive after 09:00 ET, confirming a shift in momentum, with the histogram expanding through the 13:30–14:15 ET period. The RSI crossed above 60 and remained above that level through 14:30 ET before retreating to neutral ground. This suggests a temporary overbought condition was reached, but without confirmation from volume, it appears to be more of a retracement than a reversal.

Bollinger Bands

Bollinger Bands showed a significant expansion in the 14:00–14:30 ET period, with the upper band reaching 0.3307. Price closed near that level, indicating a potential exhaustion of bullish momentum. The lower band hovered near 0.3215, and the price tested it twice without breaking below, suggesting it may be a short-term floor.

Volume & Turnover

Volume surged to a peak of 339,750.72 at 14:00 ET during the breakout to 0.3307, but turnover failed to confirm a corresponding rise in price. This divergence raises the possibility of profit-taking or aggressive selling pressure following the move. Volume remained above average throughout the session, with the highest volumes occurring during the 08:45–09:00 and 14:00–14:30 ET periods.

Fibonacci Retracements

Fibonacci retracement levels from the 0.315–0.3307 swing showed key levels at 0.3233 (38.2%), 0.3262 (61.8%), and 0.3285 (78.6%). Price found support at 0.3233 and resistance at 0.3262, with the 61.8% level likely to see renewed attention in the coming session. Daily retracements from the recent swing low (0.315) to high (0.3307) reinforce the same levels.

Backtest Hypothesis

A potential backtesting strategy for this pair might involve a breakout of the 61.8% Fibonacci level (0.3262) followed by a confirmation candlestick. If volume increases by at least 20% and the RSI crosses above 60 with a bullish engulfing pattern, a long position could be entered. Stops could be placed below the 0.3248–0.3233 zone, with a target of 0.3285. This approach would aim to capture momentum off key retracement levels with favorable risk-to-reward ratios.