Alchemy Pay/Bitcoin (ACHBTC) Market Overview: 2025-11-13

Summary• Price remains largely stagnant around 1.1e-07, with minimal movement over 24 hours.
• Volume spikes observed at 17:45 ET and 23:45 ET suggest short-lived liquidity shifts.
• No significant breakouts or patterns observed, with price confined near the same level all day.

Opening Narrative

Alchemy Pay/Bitcoin (ACHBTC) opened at 1.1e-07 (12:00 ET − 1) and traded within a very narrow range, reaching a high of 1.2e-07 and a low of 1.1e-07, before closing at 1.2e-07 (12:00 ET). Total 24-hour volume was 39,216.0, with notional turnover minimal due to the extremely low price level. The pair showed little directional bias and remained range-bound.

Structure & Formations

The ACHBTC pair continued to trade within a very tight range, with no significant candlestick formations such as engulfing or doji patterns emerging over the past 24 hours. Price has remained clustered between 1.1e-07 and 1.2e-07, with no clear breakout attempts. The absence of distinct structure suggests a state of consolidation or indecision among market participants.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are aligned closely, reinforcing the flat trend. The daily chart shows the 50, 100, and 200-period EMAs converging near the current price, indicating no clear bias. This suggests that price is currently in a neutral phase, lacking the momentum to establish a directional trend.

MACD & RSI

The MACD line has remained flat, with the histogram oscillating near zero, indicating no strong momentum either up or down. RSI has hovered between 50 and 55 for most of the day, suggesting neither overbought nor oversold conditions. The flat momentum profile is consistent with a low-activity and range-bound environment.

Bollinger Bands

Price has remained tightly within the Bollinger Bands for the majority of the 24-hour window, with no significant contraction or expansion in volatility. This suggests that the market remains in a low-energy phase, with no immediate expectation of a breakout or increase in trading intensity.

Volume & Turnover

Volume was minimal for most of the day, with only two notable spikes: a large volume of 27,028 at 17:45 ET and 5,042 at 23:45 ET. These spikes did not result in meaningful price movement, indicating either wash trading or liquidity adjustments. Notional turnover remained correspondingly low, with no signs of strong buying or selling pressure.

Fibonacci Retracements

Fibonacci retracements drawn from the recent 15-minute swing show key levels at 1.1e-07 (38.2%) and 1.1e-07 (61.8%), which have acted as tight consolidation zones. On the daily chart, retracement levels are similarly compressed, reflecting the flatness of the trend.

Backtest Hypothesis

The proposed RSI-based backtest seeks to identify potential mean-reversion opportunities using the RSI indicator. However, due to the flat price profile and lack of clear overbought/oversold signals, the RSI may not provide actionable insights for this pair. Additionally, the absence of a recognized symbol like “ACHBTC” in standard data feeds complicates the implementation of such a strategy. To proceed, it’s essential to confirm the correct symbol or pair format used on the relevant exchange, such as ACH-BTC or ACHUSDT, to ensure accurate data retrieval and strategy testing.