$ALCX has shown a modest price change of 1.564% in the last 24 hours, indicating a stable momentum.
The recent high of 9.87 and low of 9.43 suggest strong trading activity within this range.
Currently, ALCX is approaching the upper Bollinger Band, signaling potential overbought conditions.
With support at 9.43 and resistance at 9.87, traders should exercise caution near resistance levels.
The overall market is in an uptrend, suggesting a bullish sentiment.
However, macroeconomic factors like inflation and regulatory news could introduce volatility.
While Bitcoin's influence remains undefined, it could still indirectly impact ALCX's price movements.
Traders might consider a short-term approach due to the current volatility and proximity to resistance.
Key takeaway: Monitor market news closely; external factors could shift ALCX's trajectory rapidly.
