The price of My Neighbor Alice (ALICE) could be set for a major bounce against Tether (USDT) and to hit $5. Related Reading: Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon? Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like My Neighbor Alice bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of ALICE On The Weekly Chart From the chart, the price of ALICE saw a weekly low of around $1.9, which bounced from that area and continued in a range of $1.9 -$3. The price has built more momentum as it faces resistance at $3. If the price of ALICE on the weekly chart continues with this bullish structure, it could quickly hit the $5 mark. The volume shows decent buy bids, pushing the price of ALICE higher. Weekly resistance for the price of ALICE – $3. Weekly support for the price of ALICE – $1.9. Price Analysis Of ALICE On The Daily (1D) Chart The price of ALICE found strong support at around $1.92, with what seems to be an area of interest on the daily chart. ALICE bounced from its support, forming a ranging channel between prices $1.92 – $3.2 with more buy bids lately. At the point of writing, the price of ALICE is at $2.72, trying to break out of the channel faced with resistance of $3.2 and trading above the 50 exponential moving averages (EMA), which corresponds to the resistance at $2.65....
