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The MyNeighborAlice price has soared 25% in the last 24 hours to trade at $1.45 as of 7:05 a.m. EST on a 519% pump in trading volume to $190 million.
MyNeighborAlice is a multiplayer game on the blockchain where players can purchase and cultivate virtual land.
Powered by the ALICE token, its decentralized economy facilitates in-game transactions, trading, and player governance. This game fosters social interaction and creativity while offering both entertainment and investment possibilities.
MyNeighborAlice Price Skyrockets Above The Bearish Channel
The ALICE price is rising, with bulls breaking above the bearish channel. They regained momentum at the $0.873 support zone, pushing the price past the channel’s upper trendline and nearly reaching the previous high of $1.75.
ALICEUSDT Analysis (Source: Tradingview)
The ALICE price market shows signs of accumulation above the channel, indicating that bullish investors are gearing up to push the price to reclaim the previous high and subsequently achieve new highs. If ALICE continues the momentum, it will create a strong technical base, potentially triggering a bull rally. This situation prompts traders to consider opening long positions, anticipating ALICE’s entry into a new phase of upward price discovery.
Although the price faces resistance below the 50-day simple moving average, it trades above the 200-day SMA, indicating support for the overall bullish sentiment.
The recent MACD blue line crossing above the orange signal line, while below the neutral position, is seen as bullish, signalling a potential reversal to an upward trend. The green histogram bars further indicate robust buying pressure for ALICE.
The Relative Strength Index remains bullish above the 50 midpoint level to 68. Its upward trajectory suggests favourable conditions without entering overbought territory, supporting a positive outlook for ALICE price.
MyNeighborAlice Price: Can The Bulls Maintain Momentum?
The bullish momentum behind Alice’s price suggests a potential upward drive supported by positive technical indicators. Increased momentum should help the bulls reclaim the previous high at $2.85.However, there’s optimism for a new all-time high of around $3.
Conversely, the bearish pressure could regain control to retest the pennant’s upper trendline at $1.26. A break below this level might extend the downtrend, targeting the $1.12 support zone as bears aim to exert more control over the price.
An Alternative Layer 2.0 Meme Coin That Might 10X Your Money
The enthusiasm exhibited in the bull rally for ALICE is also seen in a new layer 2 meme coin called Pepe Unchained ($PEPU), which is drawing attention in the crypto market after its presale blasted past $4.2 million in funds raised.
Another set of chains broken!
An incredible $4M raised so far for Pepe's Layer 2 blockchain. Pepe Unchained is unstoppable! 🐸💪 pic.twitter.com/wSd49PwMeg
— Pepe Unchained (@pepe_unchained) July 17, 2024
Pepe Unchained aims to replicate the success of PEPE, now the third-largest meme coin by market cap. But PEPU has a huge competitive advantage, coming equipped as it does with its own Ethereum Layer 2 blockchain. It offers exceptional speed, scalability, and significantly lower transaction fees.
Pepe's taking blockchain to new heights!
SpiderPepe hanging from the ceiling and ready to drop something big 🕸️🐸 pic.twitter.com/yKAWZKkeTN
— Pepe Unchained (@pepe_unchained) July 11, 2024
Investors can stake their tokens for a 445% annual percentage yield.
PEPU has caught the attention of influential Crypto YouTuber Jacob Bury, who believes it has the potential to surge 10x after launch.
You can buy PEPU directly from the project’s official website for $0.0084937. Hurry, though, as the price will increase in a little more than a day.
BUY PEPU using ETH, USDT, BNB, or a bank card.
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