MyNeighborAlices currency price (ALICEUSDC) settled higher in latest intraday trading, hitting the resistance of the 50-period SMA, after previously breaking out of a short-term upward correctional price channel that had confined earlier trades. Meanwhile, we notice the Stochastic reaching extremely overbought levels, exaggerated relative to the price movement, suggesting the beginning of a negative divergence that would intensify the negative pressure on the price.

Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of 0.395 holds on, targeting the support level of 0.355.

Todays price forecast: Bearish