• On the daily chart, ALICE indicated a breakout of a falling wedge, which was an increase of 10.1 per cent in price to $0.3744.
• Short-term market direction is at $0.3926 of immediate resistance and at $0.3391 of support.
• The token increased by 11.2% compared to BTC and 13.7% compared to ETH and is considered more relative strength after several months of decreasing returns.
  

A recent breakout on the ALICE daily chart has been of interest following the confirmation of a token above the downward trendline of resistance. At the time of writing, ALICE is trading at $0.3744, which is an increase of 10.1 percent over the last 24 hours. The breakout is based on months of compression in a falling wedge structure which indicates that the market is going to initiate anew with the price breaking out of the long term decline. The current structure indicates that traders are reacting to a clear technical shift after sustained pressure through 2024’s declining cycle.

Rising Momentum After Downtrend Compression

Price movement over recent sessions shows a shift in market behavior as ALICE pushes above the upper boundary of the wedge. This technical break has placed the token near its short-term resistance point at $0.3926 which has before repelled an increase in September. 

Interestingly, the token still retains the stability of short-term above the support of $0.3391 which is considered the closest one. The improvement in daily structure reflects an increase in short-term buying activity, which contrasts with the gradual declines observed throughout most of the year.

Key Levels Define Short-Term Focus

While price recovery remains steady, maintaining structure above $0.3391 remains essential for confirming strength at the breakout zone. Failure to sustain this region could invite further consolidation before broader momentum resumes. On the other hand, a sustained move above $0.3926 would shift short-term sentiment toward higher evaluation levels. The current setup aligns with technical recovery patterns where volume expansion follows trendline breaks, especially after extended compression phases.

Market Activity and Broader Implications

The visuals of trading data show the presence of volatility after the breakout due to the increase in the level of activity on daily timeframes. Moreover, ALICE has recorded a 11.2% growth relative to BTC and a 13.7% increase relative to ETH, as well as good relative performance in major pairs. 

The continuous flow indicates that traders are observing the sustainability of this structure and they are observing confirmation that is close to the resistance. In the meantime, the question is whether ALICE is able to sustain above critical support as the broader market sentiment should stabilize.

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