NFT space is gaining mainstream adoption nowadays as more projects are surging with notable gains. After the gigantic rally of MANA, SAND, AXS, etc which is still going on, yet another gem ALICE price may follow the suit. The token after having a kick-start beginning may regain its lost positions and surge to newer highs soon.
The NFT initiated the trade by reaching the ATH and later it plunged substantially. For more than a couple of months, the price was hovering below $20 including a failed attempt to break the upper resistance. However, the asset is showcasing more bullish signals at the current phase and hence a bigger target may be on the horizon.
A popular analyst sets a target of $60 and also gives 3-point factors that may lead the rally to newer highs. As per the analyst, the major reason behind the surge is the pattern.
Price Moving in Darvas Box
The asset since its inception is trending with the Darvas box and created multiple highs and lows. After fluctuating with the Darvas box, the asset is finally reaching the tip of the pattern, the price is due for a notable breakout. Yet after considerable correction, the price could range high to reach the desired target above $60.
ALICE Price Breaks The Neckline OF H&S
The asset previously rose vigorously and broke the dynamics to break the neckline of the inverse head & shoulder pattern. The asset after breaking the pattern is accumulating above the neckline, awaiting yet another boost to reach the set target. However, the lows lie at $36, and failing to hold may drag the asset to $20.
Downtrend Line Completely Rejected
The asset ever since attempted to break the upper resistance in September fell into bearish divergence. The RSI also along a descending trend line that was broken offlet. With a notable surge in the past couple of days, the asset appears to be primed to range high and hit the higher levels.
Collectively, MyNeighbourAlice ever since its grand launch on the Binance exchange made a huge upside move, FOMOing the investors. However, investors soon dumped the coin and viewed the coin with a new perspective at the press time. With a lot of buying in the past couple of days, a new local high was formed. Yet the ALICE price needs to break through the pivotal levels around $25 in order to head towards the next target at $30.