The token kickstarted the journey with a blast amid the 2021 bull run and smashed its ATH at $42.55 within no time. Ever since then the price is buckling up to regain the lost bullish momentum, but is unable to reach closer to the ATH. However, the asset received a notable push during Q4 2022 but it remained limited to $30. As soon as the asset reached these levels, the price quickly drowned into a deep bearish well and constantly formed lower highs and lows.
MyNeighbourAlice(ALICE) Technical Analysis at a Glance
The token maintained a pretty descending trend since the beginning of the year. The recent plunge destabilized the rally which squeezed the gains to a large extent. Therefore after losing out nearly 40% of the value, ALICE price flipping the bearish trend may be a very tedious job. Currently, the asset is trending within similar resistance and support levels, in a parallel channel, were in a breakout towards the north the need of the hour.
|Short Term||The price is attempting to break out from a parallel consolidation by slowly raising high. Despite the price breaks through, the possibilities of retest prevail|
|Mid-Term||The asset is gaining huge bullish momentum by gathering notable buying volume and hence a bounce can be expected|
|Long-Term||The long-Term forecast is pretty bearish, as the price has cemented at the bottom levels|
Additional Read: Daily Crypto News 29th January, 2022
MyNeighbourAlice(ALICE) Technical Indicators & Pivot Levels
|Technical Indicators||Value(1Hr / 1D)||Action (1hr / 1D)|
|Relative Strength Index(RSI)||59.3 / 29.2||Buy / Sell|
|MACD(12,26)||0.05 / -1.47||Buy / Sell|
|Ultimate Oscillator||50.5 / 45.9||Neutral / Sell|
|Average True Range(ATR)||0.0914 / 0.9229||Less Volatility / Less Volatility|
The ALICE price may experience a notable surge in the short term, as most of the indicators are pointing towards a buy. RSI is surging towards the upper bands, while MACD is showcasing mounting of a notable buying volume. As both the MACD & Signal line are going hand in hand, a very little chance of a trend reversal may be witnessed.
The Ultimate Oscillator, which considers 3 different moving averages to determine the next plot and also to eliminate the fake divergence, is neutral presently. And the ATR, the volatility indicator is negative and hence no drastic change with the price may occur in the short term.
On the contrary, in the long term, the asset is extremely bearish. The RSI is plunging towards the lower levels, while the MACD showcases a bearish trend. No doubt the selling volume is accumulated yet the possibilities of letting out the ‘Buy’ signal are also high. The Ultimate Oscillator is manifesting a bearish trend, while the ATR is pointing towards less volatility in the long term too.
Coming to the pivotal points, the ALICE price is just above the short-term support levels and heading high to hit the 200-day MA initially and later the resistance levels. Here is when the bears may strengthen their presence and attempt to drain out the profits. Therefore a quick retest at the short-term support may be expected. And later the trend could be depending on the volume induced.
MyNeighbourAlice(ALICE)/USDT Technical Analysis for the Week
The asset witnessed an extreme sell-off in the past week which compelled the price to drop more than 45%. However, the price did attempt to rebound but could only prevent dropping towards the lower levels. Currently, the asset is testing the trend line and also the 200-day MA levels in STF which may be successful too.
Source: Tradingview Date: 29-01-2022 Time: 1:10pm
- The ALICE price is currently swinging within a narrow trend and after rebounding well from the lower levels, the asset is testing the upper resistance levels of the channel
- The price may slice through the resistance levels and attempt to breach through the channel, but it may face an interim pullback below the trend line and could receive a larger push
- The asset may eventually head towards the crucial resistance at $9.88 surpassing a couple of important levels at $8.11 and $9.37
- Currently, the buying pressure is mounting up and hence the price may follow the mentioned path unless sellers become active
MyNeighbourAlice(ALICE)/USDT Technical Analysis for Today: 29 January 2022
MyNeighbourAlice ever since plunged heavily is trending within a parallel channel. During an initial couple of days, the asset declined heavily to hit the lower levels. However, the asset quickly rebounded and surged high to hit the upper resistance of the channel. Woefully, it faced rejection but since then maintained a trend above the middle bands. In the short-term, the asset may continue surging high and attain immediate resistance, while in the long term it manifests a bearish trend.
The ALICE price at the press time is $6.86 with a jump of 1.31% compared to the previous day’s close. The trading volume remains depleted by nearly 28.34% pointing towards the sellers to be relaxed a bit while the market cap remains elevated by 1.31% recording around $209 million.
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