Alchemy Pay (ACHUSDT) Market Overview: Volatility and Momentum Divergence

• Alchemy Pay (ACHUSDT) posted a 24-hour low of $0.02485 and closed near the mid-range of the session at $0.0265.
• A key breakout attempt to $0.03019 failed, leading to a pullback and consolidation below the 50-period moving average.
• Volatility expanded sharply during the 17:00–18:00 ET window, with volume surging over 200 million.
• RSI dipped into oversold territory below 30 late in the session, suggesting potential for a short-term rebound.
• Bollinger Bands widened significantly during the early session, indicating heightened price uncertainty.

Alchemy Pay (ACHUSDT) opened at $0.02592 on 2025-07-20 at 12:00 ET, surged to a high of $0.03171, and closed at $0.0265 on 2025-07-21 at 12:00 ET. The 24-hour volume was 545,204,762, with a notional turnover of approximately $14,216,000, indicating moderate liquidity and active trading during key swings.

Structure & Formations

The 15-minute OHLCV data reveals a strong bearish reversal pattern forming around $0.03000, where price surged to $0.03171 but then retraced significantly. A large bearish engulfing pattern appeared at $0.03006, followed by a series of bearish continuation candles. Key support levels formed at $0.02700 and $0.02650, both of which held during the late session. A potential bullish doji appeared near $0.02650, signaling possible short-term stabilization.

Moving Averages

On the 15-minute chart, the 20-period MA sits near $0.0275, while the 50-period MA is at $0.0278. Price closed below both, suggesting bearish momentum in the short term. On the daily chart, the 50-period MA is at $0.0272, the 100-period at $0.0269, and the 200-period at $0.0265. Price is currently near the 200 MA, indicating a potential turning point or consolidation phase.

MACD & RSI

The 15-minute MACD crossed below the signal line during the 17:00–18:00 ET window, confirming bearish momentum. RSI dropped to a low of 29.5 by the end of the session, signaling oversold conditions. This may hint at a possible short-term bounce, but without a strong bullish crossover in MACD, the upside remains capped. RSI is expected to test the 40–50 level in the next 24 hours as a potential trigger for a reversal.

Bollinger Bands

Bollinger Bands expanded significantly during the 17:00–18:00 ET period, with price reaching the upper band at $0.03171 before retracing sharply. The bands have since contracted slightly, suggesting a potential shift in volatility. Price has since moved closer to the lower band, indicating a possible oversold bounce. A move above the 20-period MA could trigger a retest of the upper band in the coming sessions.

Volume & Turnover

Volume spiked during the 17:00–18:00 ET window with over 202 million units traded, confirming the bearish reversal. However, notional turnover did not increase proportionally, indicating a divergence that may signal a weak bearish move. As price approached the lower end of the session, volume decreased, suggesting a lack of follow-through selling pressure and a potential bottoming process.

Fibonacci Retracements

Applying Fibonacci to the key swing from $0.02586 to $0.03171, the 38.2% retracement is at $0.0291 and the 61.8% at $0.0274. Price found support near the 61.8% level during the 18:00–19:00 ET window and has since consolidated around $0.0265. A break above $0.0274 could rekindle bullish momentum, while a drop below $0.02619 may trigger further bearish action.

Alchemy Pay may find near-term support around $0.02619 and resistance at $0.0274 in the next 24 hours. While RSI suggests a potential rebound, bearish momentum remains strong. Investors should remain cautious for further volatility or a breakdown below key support levels.