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TA- My Neighbor Alice Could Be Set For A Major Bounce

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Ta- My Neighbor Alice Could Be Set For A Major Bounce
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The price of My Neighbor Alice (ALICE) could be set for a major bounce against Tether (USDT) and to hit $5. 

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

Weekly Price Chart Analysis For ALICE | Source: ALICEUSDT On

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

1660076358 465 Ta My Neighbor Alice Could Be Set For A Major
Daily Price Chart Analysis For ALICE | Source: ALICEUSDT On

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. 

If the ALICE price fails to break the channel and falls below the 50 EMA region, $1,92 would be a good support to hold sell-offs and a possible price bounce.

With more buy bids, we could see the price of ALICE breaking out above $3.2, which has been resistance on the weekly chart.

The RSI for the price of ALICE on the daily chart is above 50, indicating healthy buy bids for ALICE.

The volume for ALICE looks good, indicating positive signs for prices to trend higher.


Daily (1D) resistance for ALICE price – $3.2.

Daily (1D) support for ALICE price – $2.65, $1.9.

Price Analysis Of ALICE On The Four-Hourly (4H) Chart

1660076358 362 Ta My Neighbor Alice Could Be Set For A Major
Four-Hourly Price Chart Analysis For ALICE | Source: ALICEUSDT On

The price of ALICE has shown a range in a channel on the 4H chart, as the price faces rejection at $3.2.

ALICE price is $2.7, trading below the 50 but above the 200 EMA with prices of $2.8 and $2.6 on the 4H chart. This 200 EMA price would be a support area for ALICE on the 4H chart.

Four Hourly (4H) resistance for ALICE price – $3.2.

Four hourly (4h) support for ALICE price – $2.6, $2.1.


Featured Image From Teknone, Charts From 
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Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

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Members of the crypto community have cast their ballots, so to speak, and now we’ll find out whether or not their forecast was accurate.

The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics.

This fairly optimistic forecast from the community suggests a high level of faith in both the token and the ecosystem.

Good news has recently hit the Polygon community thanks to a tweet from the official Polygon Twitter account announcing a new collaboration with the trading platform Robinhood.

Will Robinhood Team-Up Bring Good Results?

The tweet suggests that Robinhood has teamed up with Polygon to offer a bitcoin wallet service. FThe Robinhood Wallet app is built with DeFi in mind.

According to Polygon’s blog post, the Robinhood Wallet is a self-custody wallet, meaning that its owner has complete discretion over their cryptocurrency holdings.

Robinhood has made other forays into the cryptocurrency market, so this isn’t their first venture.

From its inception in 2018, it has been actively involved in the crypto industry, with Bitcoin and Ethereum being the first coins to be freely traded on the platform at no cost to traders. The change began in a select number of states.

By 2021, the trade of crypto assets has expanded across the whole United States, with the exception of Hawaii and Nevada.

The trading platform supports 11 cryptocurrencies, including Bitcoin and Ethereum. It also facilitates the trading of alternative cryptocurrencies, similar to Polygon’s MATIC token.

With over 37,000 decentralized applications available on Polygon’s platform, it will undoubtedly aid Robinhood’s most ambitious cryptocurrency endeavor. But how did investors and traders of Polygon respond to the news?

Rally In The Offing For Crypto?

As of this writing, MATIC is trading at $$0.778741, down 0.1 percent in the last seven days, data from Coingecko show, Saturday.

Currently, the token trades between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761).

The present support line lies at $0.7252, which is essential because this will be the support line the bulls can rely on if things go south.

If the price reaches the 61.80 Fib level again, we can expect a slight correction if there is sufficient buy demand.

Investor confidence is high as Polygon presses forward with its Robinhood relationship, given the community projection of a near 20% price increase.

MATIC total market cap at $6.8 billion on the daily chart | Source:

Featured image from VOI, Chart:

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