Market Overview for Alchemix/Tether (ALCXUSDT) on 2025-12-15

Summary
• Price consolidates near $8.75–8.80 resistance after forming a bullish engulfing pattern.
• RSI suggests moderate momentum with no overbought or oversold extremes.
• Volatility remains subdued, with price staying within Bollinger Bands.
• Turnover remains steady without clear divergence or spikes.
• Key support appears at $8.70–8.72 with potential for a pullback into that range.

Alchemix/Tether (ALCXUSDT) opened at $8.80 on December 14 at 12:00 ET, reaching a high of $8.86 and a low of $8.67 before closing at $8.83 on 12:00 ET. Total volume for the 24-hour period was approximately 15,452.45 tokens, with notional turnover of around $133,251.

Structure & Formations

A bullish engulfing pattern emerged near $8.73–8.76, suggesting short-term buying pressure. Price found key resistance at $8.80–8.85 and support near $8.70–8.72.

A doji formed at $8.75, indicating indecision and potential consolidation.

Moving Averages

On the 5-minute chart, price remained above the 20-period and 50-period moving averages, indicating a bullish bias in the short term. Daily MAs (50/100/200) suggest a more neutral trend, with price hovering near key 50-day support.

MACD & RSI

MACD showed positive momentum, with the histogram expanding slightly in the morning hours. RSI remained in the mid-50s, indicating balanced buying and selling pressure without signs of overbought or oversold conditions.

Bollinger Bands

Volatility was moderate, with price staying within the Bollinger Band range for most of the session. A brief contraction occurred around $8.75–8.77, hinting at a potential breakout.

Volume & Turnover

Volume and turnover aligned with price action, with no divergence observed. Increased volume occurred during the early morning and late afternoon hours, coinciding with price consolidation and attempted breakouts.

Fibonacci Retracements

Recent 5-minute swings suggest 38.2% retracement near $8.77 and 61.8% near $8.83. Daily Fibonacci levels reinforce key support at $8.72 and resistance at $8.86.

Price may test the $8.70–8.72 support zone in the next 24 hours, or rally toward $8.85–8.86 if buyers hold the $8.80 level. Investors should remain cautious of potential pullbacks amid mixed short-term signals.