Alchemy Pay/USDC (ACHUSDC) Market Overview

Summary
• Price advanced from 0.00748 to 0.00780 with strong volume in early session.
• Momentum accelerated post-02:00 ET, reaching a 24-hour high of 0.00795.
• Downturn emerged after 05:15 ET, retreating to 0.00758 by 07:30 ET.
• Bollinger Bands show recent volatility expansion and potential consolidation ahead.
• Volume surged to over 198,574 in the final hours, suggesting mixed conviction.

Alchemy Pay/USDC (ACHUSDC) opened at 0.00748 on 2025-12-23 12:00 ET, peaked at 0.00795, and closed at 0.00751 on 2025-12-24 12:00 ET. Total volume over 24 hours reached 1,994,523, with turnover of $15,351.70.

Structure & Formations

The pair demonstrated a bullish bias in the early hours, with a sharp move from 0.00762 to 0.00795 driven by aggressive long entry. This was followed by a bearish correction into 0.00758–0.00757, indicating short-term profit-taking and possible exhaustion. Key support was tested at 0.00757–0.00758 and held, suggesting these levels may offer short-term floor resistance.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages remained below the price for much of the session, supporting a bullish bias. By the morning of 2025-12-24, the 20-period MA started crossing closer to the 50-period MA, suggesting potential consolidation or a slowdown in upward momentum.

MACD & RSI

The MACD line turned negative in the latter half of the session, signaling a shift in momentum. RSI peaked above 65 early in the session, indicating overbought conditions, and dropped below 50 by 06:00 ET, hinting at a bearish bias taking hold. The RSI histogram showed divergence with price action late in the session, suggesting a potential countertrend move.

Bollinger Bands

Volatility expanded significantly after the price breakout above 0.00769 and remained wide through the session, indicating active trading.

The price retracted toward the lower band in the final hours, testing the 0.00751 level, a potential near-term support area. A retest of the upper band may be expected if the trend resumes.

Volume & Turnover

Volume spiked during the early morning rally, particularly at 01:30 and 01:00 ET, where combined volume exceeded 100,000. This was followed by a sharp drop in turnover after 05:15 ET, despite a continued price fall, signaling a lack of conviction among sellers. The final large-volume candle at 06:15 ET showed minimal price movement, indicating consolidation ahead.

Fibonacci Retracements

On the 5-minute chart, the 0.00769–0.00795 rally saw a 38.2% retrace to 0.00781 and a 61.8% retrace to 0.00769. These levels appear to have acted as minor resistance and support during the pullback. On the daily chart, the 2025-12-23 low of 0.00748 may mark the start of a new retracement phase if the 0.00757 support holds.

The pair appears to be in a phase of consolidation after a sharp price move up and down. A break above 0.00785 could indicate renewed bullish momentum, while a sustained close below 0.00757 would signal a shift in near-term sentiment. Investors should remain cautious of potential volatility as the market approaches key holiday periods.