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ALCH's recent trend is indeed worth paying attention to. Yesterday's drop exceeded 40%, which looked quite fierce, but today it has already recovered 23% of the decline, indicating some rebound strength.
Looking at the technicals, the hourly EMA shows a typical bullish alignment, suggesting that the bulls are gradually regaining control in the short term. Even more interesting is that the MACD is still forming a golden cross, and the trading volume is increasing accordingly, which usually signals that a main upward wave may be about to start.
Currently, at the price of 0.114, if a move is truly to be initiated, this position isn't too high. Some traders are choosing to open positions at this level, betting on the sustainability of this rebound. Of course, the specific operation should still be based on one's risk tolerance.