Looking at $ALICE , we've had a decent bounce from that 0.41 support area. Good to see some buyers stepping in there.
That wick up to 0.49 was quickly rejected, showing some strong selling pressure around that level. It's clearly acting as resistance for now.
Volume picked up significantly on that move up, which is a good sign, but it has tapered off a bit since then.
Currently consolidating around 0.45-0.46. If we can hold this level and see sustained volume, we could potentially retest that 0.49 resistance.
A break above 0.49 with conviction would be bullish, but if we lose this 0.45 area, we could easily see a retest of 0.41 again. Keep an eye on that volume.