Alchemy Pay Market Overview (2025-08-22)

• ACHUSDT closed higher at 0.02133, up from 0.02080, with strong volume driving a midday rebound.
• Momentum shifted positively after 14:00 ET with a sharp rally above key resistance near 0.0212.
• Volatility expanded significantly in the afternoon, with Bollinger Bands widening and RSI approaching overbought territory.
• A bullish engulfing pattern formed at 0.0211–0.02125, suggesting a potential near-term breakout.
• Volume and turnover aligned with price strength, indicating institutional participation in the rally.

Alchemy Pay’s ACHUSDT pair opened at 0.02080 on 2025-08-21 at 12:00 ET and closed at 0.02133 the following day at 12:00 ET. The price reached a high of 0.02166 and a low of 0.01977, with total volume of 258,488,586 and turnover of ~$5,480,662 over the 24-hour window.

Structure & Formations

Price action showed strong bearish pressure overnight, with a low of 0.01977 on 08/22 before a sharp reversal in the afternoon. A key bullish engulfing pattern formed between 14:45 and 15:00 ET, as price gapped up from 0.02116 to 0.02125 and surged further. A 61.8% Fibonacci retracement level near 0.0212 acted as strong support, and price now appears poised to test the 0.0215–0.0217 level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in bullish alignment, with price sitting above both by 0.0213. The 50-period line was at ~0.02127 at the close, suggesting momentum is likely to remain positive unless a strong reversal occurs.

MACD & RSI

MACD crossed into positive territory around 14:30 ET and remained bullish, with a growing histogram indicating increasing bullish momentum. RSI rose from ~50 early in the morning to ~68 at close, approaching overbought territory but without signs of exhaustion.

Bollinger Bands

Bollinger Bands expanded significantly during the afternoon rally, from a narrow range of 0.0210–0.0212 to a wide range of 0.0212–0.0216. Price closed just below the upper band, indicating a strong move that could extend if volume remains supportive.

Volume & Turnover

Volume spiked dramatically in the 14:00–16:00 ET window, with over 88 million contracts traded as price broke out of consolidation. Turnover confirmed the volume surge, with large orders driving the move above 0.0212. Divergence between price and volume was not observed, suggesting the move is structurally sound.

Fibonacci Retracements

A 61.8% retracement level at 0.0212 and a 78.6% at 0.0215 were key reference points during the rally. Price tested and held above the 61.8% level, indicating strong conviction among buyers.

The next 24 hours may see ACHUSDT test resistance at 0.0216 and 0.0218, depending on market sentiment. A break above 0.0216 could open the door to a larger move, but a reversal below 0.0211 may signal a retracement. Investors should watch for volume confirmation and RSI divergence to assess the sustainability of the rally.