Is Alice ready for a rally after the 5% increase on Tuesday?

The My Neighbor Alice token (ALICE/USD) recorded a high of over5% on Tuesday. After trading in a tight range over the past week, it looks like a rebound may be coming soon. Alice is a coin with some great tokenomics. It is a gamified finance-based token. It has several features such as “Play to earn”, the purchase of in-game items, staking rewards and governance. Alice experienced a steep rally in November, where the price shot from $ 10 to almost $ 30 in the Höhe. However, Alice was unable to maintain the rally and fell right back to the starting point of the rally. It looks as if Alice will soon make another attempt to break the previous high, which could be seen in Kürze. So should you buy Alice now?

Here’s what the charts indicate:

  • Alice has fallen a lot after a huge rally in November, but has found support since the start of the previous rally, which is a positive sign.

  • Alice has been trading in a tight range over the past few days, which suggests that it is accumulating for a large movement.

  • The RSI also formed a bullish divergence, which is a sign of an early breakout.

  • Alice has taken support from the 200-day moving average and is showing signs of a reversal from the support zone at $11.

  • It looks like Alice will soon recover towards the resistance at $16. Therefore, investors can set this value as the first goal.

  • Investors should be careful, as Alice could still break through from the bottom of the market. Therefore, a stop loss must be defined.

  • Investors can also wait for rising volumes, which is the best bullish trend in Alice.

  • After $ 16, Alice could also reach $24 in the coming months. However, investors are closely following the price in order not to fall into a false breakout like in November.

The post Is Alice ready for a rally after the 5% increase on Tuesday? appeared first on Coin Hero.

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