Entry: $6.90 – $7.10
TP1: $7.80
TP2: $8.40
SL: $6.30
After a strong momentum move, $ALCX /USDT has become one of the top gainers on Binance today, climbing more than 60% in 24 hours. Let’s break down what the chart is showing and what traders should watch next.
On the 1H timeframe, price made a powerful breakout from the long consolidation around $4.30, followed by aggressive buying pressure and rising volume. This kind of structure usually signals that smart money has entered the market.
Currently, the price is cooling off slightly around $7.00, which looks like a healthy pullback after a strong rally. The MA(7) and MA(25) moving averages are still trending upward, suggesting that the short-term trend remains bullish as long as support holds.
Key Levels to Watch
• Support Zone: $6.70 – $6.90
• Resistance Zone: $7.80 – $8.25
If buyers defend the support area, the next push could attempt to retest the $8.25 high and potentially break above it.
However, after such a large move in a short time, volatility can increase. It’s important to manage risk carefully and avoid chasing the price if it moves too fast.
Smart traders usually wait for confirmation near support instead of entering during emotional pumps.
Market Insight
Coins that break out of long consolidation phases often attract short-term traders and momentum buyers. But sustainability depends on whether volume continues to support the move.
Watching how price reacts near $6.70 support will give the clearest signal for the next direction.
Question for traders:
Do you think ALCX can break above $8.25 next, or will the market see .
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Hassan Bilal official