$ALCX has experienced a minor price decrease of -1.042% in the last 24 hours.
The asset is oscillating between a support level of 7.5 and resistance at 7.8.
Bollinger Bands indicate low volatility, reflecting the overall market downtrend.
Macroeconomic pressures, including inflation and regulatory scrutiny, continue to stifle investor confidence.
Currently, Bitcoin's influence remains unclear, suggesting that ALCX is trading somewhat independently.
Short-term traders should be cautious due to the lack of momentum, while long-term holders may want to wait for a more decisive market shift.
Key takeaway: ALCX's movement is currently weakened by broader market trends and may not recover without significant bullish catalysts.
