ALCX Market Update: Is a Rebound Near? 📉🤔
The current chart for ALCX shows that the token is facing significant downward pressure, following a broader bearish trend over the last 30 days.
Current Market Status:
Price Action: ALCX is currently trading at $7.43, showing a -3.00% decline in the last 24 hours.
Moving Averages: The price is trading below the MA(7) at $8.34, MA(25) at $9.50, and MA(99) at $9.17, indicating strong bearish momentum.
Performance: The token has dropped -20.17% in the last 7 days and -37.00% over the last 30 days.
Volume: The 24h trading volume stands at approximately 407,755 USDT, suggesting relatively low buying interest.
What to Watch For: 👀
Support: If the price continues to slide, the next major psychological support is around the $7.22 (24h low) mark.
Resistance: To start a recovery, ALCX needs to break and hold above the $8.00 level, followed by the 7-day moving average of $8.34.
Summary: The market sentiment for ALCX is currently "Oversold" on many timeframes, but confirmation of a trend reversal is still missing. Traders should exercise caution and wait for a stable base to form before entering a long position.
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