MyNeighborAlice (ALICE) is testing a key support zone within a descending weekly channel, with technical indicators suggesting potential for recovery. The token’s price declined 7.78% in 24 hours to $0.1151, yet weekly data shows a 2.76% gain. Analyst Jonathan Carter notes buyer interest at support, while the RSI above 50 and a bullish MACD crossover signal improving market momentum.
The cryptocurrency ALICE is navigating a downward trend despite shifting market conditions. Its price fell 7.78% over 24 hours but remains up 2.76% for the week, trading at $0.1151 with a market capitalization of $11.55 million.
Crypto analyst Jonathan Carter highlighted that ALICE shows early recovery signs after testing its weekly descending channel’s lower boundary. “Buyers have stepped in at this key support zone, preventing further breakdown and gradually increasing volume, suggesting potential accumulation,” he stated.
If momentum continues, the token could attempt a recovery toward resistance levels at $0.18, $0.31, and up to $2.75. However, the broader downtrend persists unless a confirmed channel breakout occurs.
According to TradingView data, the RSI is positioned at 52.55, indicating a shift from bearish to neutral territory. The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the histogram turning green.
This MACD crossover suggests the prior downtrend may be weakening. The developments position the current price zone as a critical decision point for the token’s near-term trajectory.
