<img class="alignnone" src="https://s3.tradingview.com/snapshots/q/Qje2TC7I.png" alt="ALICE" width="1380" height="809" />

<a href="https://www.tradingview.com/x/Qje2TC7I/">https://www.tradingview.com/x/Qje2TC7I/</a>

The previous two trading weeks in the ALICE market could not change the situation for the better. Given the steady decline in the dominance of BTC as well as the favorable mood for loyal growth waves in the cryptocurrency market, the ALICE price still <a href="https://www.cryptoknowmics.com/news/myneighboralice-alice-technical-analysis-the-critical-point-is-17-20/">remains within the consolidation triangle</a>. In a previous analysis, we wrote a globally critical point of the MyNeighborAlice crypto market — the $17-$20 range.

However, if the cryptocurrencies QTUM, AXS, and others were able to give investors new growth waves, the ALICE coin price is not yet ready to test its critical liquidity zone.

Today, sellers tried to break the main buyers’ support, namely the $11.2-$12 range. This is the third attack by sellers in the last 3-weeks. If buyers can close the daily candle above this range — then they will have a great chance of a sharp break of the triangle up and test the range of $17-$20.
<h2>Technical Analysis of ALICE Token on a 4-Hour Timeframe</h2>
In the 4-hour timeframe, we see that the ALICE token price has reached the range of $11.2-$12 at low volumes, as last time:

<img src="https://s3.tradingview.com/snapshots/b/bHYJ503G.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/bHYJ503G/">https://www.tradingview.com/x/bHYJ503G/</a>

This fact suggests that sellers still do not intend to break the triangle down. For the most part, before consolidation breaks through, trading volumes begin to grow as they approach the consolidation limit. In this case, we see that sellers are ready to take the initiative.

Though, it is not worth rushing to conclusions. Given the possibility of starting a correction of the powerful <a href="https://www.cryptoknowmics.com/news/bitcoin-thwarts-at-46k-solana-breakthrough-70-mark-registers-ath-at-75/">BTC growth wave</a> and the uncertain situation with the ALICEBTC price, this coin should be traded very carefully.
<h2>The ALICEBTC Price Hints At a 20% Correction</h2>
<img src="https://s3.tradingview.com/snapshots/e/enCKYcMf.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/enCKYcMf/">https://www.tradingview.com/x/enCKYcMf/</a>

On ALICEBTC daily chart, we see an unsuccessful attempt of buyers to fix above the liquidity range of 0.00032-0.00033. In May, it was from this range that the powerful waves of the ALICEBTC market began to fall. Sellers managed to maintain control over this range in early August. And after several attempts by buyers to gain this liquidity zone, control remained with sellers.

If buyers do not keep the mark of 0.00025, we will see the continuation of the correction in the ALICEBTC market. This fact, in turn, will provoke a fall of the ALICEUSDT price to $8.5. For those who did not have time to invest in ALICE, this will be a great opportunity to buy with the lowest possible risks.

ALICE Technical Analysis: The Critical Point of $11.20 Is Under Threat

In the 4-hour timeframe, we see that the MyNeighborAlice (ALICE) token price has reached the range of $11.2-$12 at low volumes, as last time.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

ALICE Technical Analysis: The Critical Point of $11.20 Is Under Threat

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