Alchemix/Tether Market Overview for December 19, 2025

Summary
• Price fell sharply from $7.83 to $7.29 before rebounding to close near $7.44.
• Key support at $7.40 held multiple times, with resistance forming at $7.63.
• Volume spiked during the initial drop and again during the overnight recovery.
• RSI showed oversold conditions, suggesting potential for near-term bounce.
• Bollinger Bands indicate moderate volatility, with price near the middle band in final hours.

Alchemix/Tether (ALCXUSDT) opened at $7.83 on December 18, 2025, reached a high of $7.83, dropped to a low of $7.22, and closed at $7.44 on December 19, 2025. Total volume for the 24-hour period was 34,049.10, with notional turnover of approximately $252,102.

Structure & Formations

Price action on the 5-minute chart featured a bearish engulfing pattern at the top of the move, followed by a sharp sell-off into the $7.22 low. A series of bullish line reversals emerged during the overnight session, with price rebounding from the $7.40 level three times, suggesting strong near-term support.

A potential bullish engulfing pattern emerged in the final two hours of the 24-hour window, as price closed near the high of that session. The 20-period 5-minute MA crossed below the 50-period MA, confirming short-term bearish momentum.

MACD & RSI

The 12/26 MACD turned negative at the onset of the sell-off, with a bearish crossover followed by a gradual return toward zero as price recovered. RSI hit oversold territory (below 30) during the $7.22 low, hinting at potential for a short-term rebound. However, RSI failed to confirm a strong reversal, remaining below 50 at the close, indicating that momentum remains bearish for now.

Bollinger Bands

Volatility was at its highest during the initial sell-off, with the bands expanding from around $7.75–$7.91 to $7.22–$7.50. Price closed near the center of the bands, suggesting a potential stabilization. A moderate contraction in band width occurred in the final 2 hours, which could precede a breakout or continuation of the current range.

Volume & Turnover

Volume surged during the initial sell-off, with the candle closing at $7.29 trading over 3,380 units — the largest single 15-minute candle in the dataset. Volume remained above average during the overnight recovery, with confirmation of the bullish bounce. However, notional turnover was lower during the rebound, suggesting less conviction behind the rally. A divergence between price and turnover during the late-night rally could indicate mixed sentiment among traders.

Fibonacci Retracements

On the 5-minute chart, the drop from $7.83 to $7.22 saw price retrace to the 61.8% level at $7.49 before pulling back. The 38.2% retracement at $7.56 failed to hold, reinforcing the bearish bias. On the daily chart, the retracement from the previous high to the low of the move showed price closing just below the 50% retracement level at $7.52, suggesting a possible near-term test of key support at $7.40.

Alchemix/Tether appears to have found near-term support in the $7.40–$7.45 range after a sharp 24-hour decline. Traders may watch for a potential bounce or a breakdown below this level. Caution is advised for the next 24 hours, as a break below $7.40 could open the door for further downside toward $7.30.