#alcx

Through the analysis of the ALCX/USDT chart on the weekly timeframe, we observe the following:

The price is currently at $8.88 after a significant drop from its peak at $29.75.

The strong previous support was at $7.01 and the price bounced from it.

The moving averages (MA 7 and 25) still show a downward trend.

The trading volume is low and there has been no clear breakout so far.

The targets for a bullish rebound in case the rise continues:

1. First target: $10.88 — a nearby and important resistance level.

2. Second target: $15.00 – $15.88 — intersection with MA(25) and previous selling areas.

3. Third target: $20.88 — the beginning of the price collapse area.

4. Fourth target (strong): $25.88 – $29.75 — a previous peak and reaching it may be difficult without strong news or significant liquidity entering.

Summary:

The currency is currently in a downward trend but has started to show signs of a rebound from the support at $7.01. Caution is advised as the trend remains negative, but if the rise continues and surpasses $10.88$ with a strong close, a gradual upward wave may begin.