Key Takeaways
- My Neighbor Alice (ALICE) trades inside a descending parallel channel.
- The ALICE price has increased by 80% in the past two days.
- Has ALICE begun a bullish trend reversal, ending its multi-year downtrend?
My Neighbor Alice (ALICE) staged a sharp rebound after plunging 99% to a low of $0.071 on Oct. 11, sparking fresh interest in gaming tokens.
The rally came without any major news catalysts, suggesting it may be more technical than fundamental.
Despite the bounce, ALICE remains below key diagonal and horizontal resistance levels, leaving questions about whether this momentum can develop into a sustained breakout.
Bullish ALICE Price Movement
Since its launch in March 2021, My Neighbor Alice (ALICE) has largely moved in a downward trajectory.
An attempted higher high in November 2021 failed, setting the stage for a prolonged decline that culminated in October 2025, when ALICE hit a low of $0.071 — a 99.98% drop from its all-time high near $60.
That low coincided with the largest crypto liquidation event on record.
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Despite the brutal sell-off, two technical factors suggest potential upside.
ALICE continues to trade within a descending parallel channel, a formation often associated with corrective movements that eventually resolve higher.
The token has since rebounded from its October bottom, printing a long lower wick and shifting into the channel’s upper range.
A confirmed breakout could open the door to a move toward the $2.50 level.
Momentum indicators also reinforce the bullish outlook.
Both the weekly Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) formed bullish divergences at the October low, and with those divergences now cleared, their trajectory points to further price gains ahead.
Taken together, the setup suggests ALICE may be primed for a sustained recovery if market conditions remain supportive.
Retracement Before Breakout
While ALICE’s long-term chart shows signs of recovery, the shorter-term outlook points to a likely retracement before the uptrend can continue.
There are two main reasons for this:
First, the ALICE price has completed a five-wave upward movement (green) since Oct. 11, creating long upper wicks at the top of waves three and five.
Secondly, bearish divergences exist in the short-term RSI and MACD (orange).
So, ALICE may have reached a short-term top today and could decline in the next week.
If that happens, the 0.5-0.618 Fibonacci retracement support levels at $0.387-$0.425 will likely provide a bottom.
Will ALICE Break Out?
The recent ALICE surge is a strong signal that bodes well for the long-term trend.
While indicators like RSI and MACD suggest the bottom may already be in, the price still needs a confirmed breakout to shift the market structure.
In the short term, a retracement toward the $0.387–$0.425 range looks likely before any new leg higher.
If the support is sufficient, ALICE could set up for a larger bullish reversal.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
