Followers Requested Chart #12 ALICE/USDT chart is showing some interesting price action. Right now, the price is hovering around the 50% Fibonacci retracement level at 0.984, which is often a key area where we see a lot of buying interest. However, the recent downtrend is strong, and if the bulls don’t manage to hold this level, we could see a further drop down to the 61.8% retracement level at 0.922, which aligns with stronger support.
If the price breaks below this level, there’s a high chance it might head towards that lower green support zone around 0.739. But, if we see a strong bounce from either the 50% or 61.8% levels, there’s potential for a recovery back up to the previous resistance around 1.055.
Keep an eye on how the price reacts here; a solid bounce could offer a nice entry for a long position, but be cautious of any further breakdowns.
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