Alchemy Pay Market Overview

• Alchemy Pay (ACHUSDT) traded in a 0.02212–0.02303 range, with a late-night recovery after a sharp midday pullback.
• Volume spiked during the 0.02212–0.02266 rebound, confirming a potential short-covering rally.
• RSI and MACD suggest fading momentum, with RSI hovering near 50 and MACD in neutral territory.
• A bearish engulfing pattern formed at 0.02281–0.02255, hinting at potential short-term bearish bias.
• Price remains below the 20-period moving average, with support near 0.0224 and resistance at 0.0228.

Market Overview

Alchemy Pay (ACHUSDT) opened at 0.02268 on 2025-07-18 at 12:00 ET, reached a high of 0.02303, and closed at 0.02202 on 2025-07-19 at 12:00 ET, with a low of 0.02172. Total volume was 62.8 million USD, and notional turnover reached 1.38 million USD over 24 hours.

Structure & Formations

The 15-minute chart shows a bearish breakdown after a morning rally, forming a bearish engulfing pattern at 0.02281–0.02255, suggesting short-term bearish sentiment. Price found support at 0.0224 and attempted a recovery in the early hours of 2025-07-19. Key resistance levels include 0.0228 and 0.0225, with support at 0.0224 and 0.0222.

Moving Averages

On the 15-minute chart, the 20-period MA is at 0.0226, while the 50-period MA is at 0.0227. Price remains below both, indicating bearish bias. On the daily chart, the 50-period MA is near 0.0225, with the 100- and 200-period MAs slightly lower, suggesting a potential test of the 50-period MA in the near term.

MACD & RSI

The RSI has stabilized near 50, indicating neutral momentum, while the MACD line has flattened near zero with a bearish crossover, suggesting weakening bullish pressure. A potential overbought condition was briefly observed near 0.0228, but it failed to hold.

Bollinger Bands

Volatility expanded during the midday selloff, with price breaking below the lower band. Recent price action has remained within the bands, indicating a potential consolidation phase. A contraction in the bands could precede a breakout, either bullish or bearish.

Volume & Turnover

Volume spiked during the midday sell-off and again during the overnight rebound, with the highest turnover observed between 0.02212 and 0.02266. Price and volume aligned during the rebound, suggesting genuine buying interest. However, the lack of follow-through above 0.0228 raises questions about the strength of the recovery.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels include 0.0228 (61.8%), 0.0226 (50%), and 0.0224 (38.2%). Price appears to have found initial support at 0.0224, suggesting a possible bounce or continuation lower depending on follow-through.

Alchemy Pay could test key support at 0.0222 in the next 24 hours, with a potential rebound toward 0.0225 if buyers step in. Traders should remain cautious, as the bearish bias remains intact with no clear reversal signal yet.