📈 $ALCH /USDT: Is the Reversal Starting?
$ALCH is showing some life! After a significant cooling-off period, we are seeing a nice green daily candle, up over +10% today. 🚀
The Breakdown:
Current Price: 0.08250
24h High: 0.08487
Recent Low: 0.05823 (Strong support area)
Status: Moving above local resistance.
Looking at the 1D chart, ALCH has been consolidating for a while. This recent bounce from the 0.058 level suggests that buyers are stepping back in. If we can hold above 0.082, we might see a push toward the next major resistance levels.
Trading View:
The 90-day trend is still down (-59%), but the 1-year return is sitting at +25%. This could be a classic "bottoming out" structure.
What do you think? Is this a "dead cat bounce" or the start of a major trend reversal? Let’s discuss in the comments! 👇
$ALCH
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