$ALICE looks like it’s trying to wake up after tagging the $0.11 support zone. The bounce is small for now, but it’s enough to get traders watching again.

Price reacted cleanly from the lower support around $0.11 — buyers stepped in right where they needed to.

Momentum is attempting a short-term recovery, but the chart is still sitting under a long-term descending trendline.

First resistance zone sits between $0.135 – $0.18 where previous breakdown pressure came in.

If bulls manage to break that descending trendline, the structure could shift and trigger a stronger reversal move.

Right now this looks like a classic relief bounce setup.

Lose $0.11 again and the weakness returns fast.
Break the trendline and this could flip into a momentum play.

I’m watching closely — this is where things usually start getting interesting.