My Neighbor Alice (ALICE/USD) Bull Market Gets Caught Up Around $1.200
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On October 16, the market provided traders and analysts with a discernible clue—a signal indicating an imminent upward turn, marked by bullish momentum. As anticipated, four days later, the market underwent a notable and sustained bullish movement. My Neighbor Alice experienced a rally, breaking above the $1.00 price level in early November after contending with substantial resistance in the vicinity of $1.00.
My Neighbor Market Data
- ALICE/USD Price Now: $1.74
- ALICE/USD Market Cap: $79,954,405
- ALICE/USD Circulating Supply: 64,913,333 ALICE
- ALICE/USD Total Supply: 100,000,000
- ALICE/USD CoinMarketCap Ranking: #349
Key Levels
- Resistance: $1.30, $1.35, and $1.40.
- Support: $1.10, $1.00, and $0.90.
My Neighbor Alice Price Forecast: Analyzing the Indicators
On October 16, a significant volume spike appeared in the trade histogram indicator, despite the relatively modest size of the bullish candlestick during that specific trading session. This occurrence foreshadowed the commencement of the ongoing bullish trend. Both the Volume of Trade and Bollinger Bands histograms indicate an elevated level of volatility, a favorable condition for the bullish momentum to persist. However, the heightened volatility may empower bears to pose challenges at resistance levels.
Presently, at the $1.200 price level, the My Neighbor Alice bull market is encountering substantial resistance, coinciding with a reduction in the height of the volume of trade histograms. This observation suggests a potential consolidation around the $1.200 price level.
ALICE/USD 4-Hour Chart Outlook
As anticipated, the market is initiating a consolidation phase around the $1.200 price level, accompanied by a decline in trade volume. This trend has the potential to fortify the $1.200 price level as a robust support, sustaining the prevailing bullish momentum. Although the current price action reflects a degree of indecision, as evidenced by the Relative Strength Index registering a modest momentum measurement of 54 within the bullish territory, the prevailing conditions suggest that the bulls may still retain control, facilitating the potential for the market to continue its upward trajectory.
