Technical analysis by Bithereum_io about Symbol ALCX on 6/4/2025

#ALCX — Bullish Breakout Loading? 🔥#ALCX is trading inside a Descending Broadening Wedge pattern on the daily chart.It’s currently resting on a strong support zone, formed by the MA50, MA100, and the Ichimoku Cloud — a confluence of key indicators signaling potential strength.A bullish breakout could be on the horizon. If price breaks above the wedge resistance, the potential upside targets are:🎯 $12.27🎯 $15.53🎯 $18.16🎯 $20.79🎯 $24.54🎯 $29.31⚠️ Always use a tight stop-loss to manage risk and protect your capital.