Alchemy Pay Market Overview

• Alchemy Pay (ACHUSDT) formed a bearish reversal pattern at 0.02111 near midday.
• Price dropped 1.47% over 24 hours amid increased volatility and uneven volume distribution.
• RSI signaled overbought conditions briefly, followed by a pullback below 50.
• Key support tested at 0.02064–0.02055, with no immediate break below.
• Bollinger Bands widened late in the session, indicating rising uncertainty.

Alchemy Pay (ACHUSDT) opened at 0.02089 on 2025-08-18 12:00 ET, reaching a high of 0.02111 by midday before closing at 0.02105 at 12:00 ET. The 24-hour range was 0.02111 to 0.02055, with total volume of 80,425,319.0 and turnover of approximately $1,678,163. Price tested key resistance levels but failed to confirm a breakout.

Structure & Formations

A bearish engulfing pattern formed at the top of the 0.02111 level, indicating rejection from recent highs. Price later tested support at 0.02064–0.02055, where it found a floor. A 61.8% Fibonacci retracement of the 0.02111–0.02055 move sits near 0.02079, which was briefly retested but not held.

Moving Averages

On the 15-minute chart, price spent much of the session below the 20-period SMA but crossed above late in the day. The 50-period line remained below the 20-period, suggesting a flattening trend. On daily charts, the 50-period SMA is approaching the 100-period line, indicating potential convergence in the broader trend.

MACD & RSI

The MACD line crossed below the signal line during the afternoon, forming a bearish crossover. RSI briefly entered overbought territory during the midday peak but fell below 50 into neutral territory. Momentum appears to be slowing as price consolidates near key support levels.

Bollinger Bands

Volatility expanded sharply after 20:00 ET, with Bollinger Bands widening to accommodate a 0.02055–0.02085 range. Price remained above the lower band for most of the session, showing resilience despite a sharp drop in the early hours. The narrowing of bands in the early part of the session suggested a consolidation phase before the breakout attempt.

Volume & Turnover

Volume spiked in the early morning and again after 20:00 ET, though turnover remained relatively low. A divergence between volume and price movement in the late hours suggested increased uncertainty among traders. Notional turnover spiked briefly during the midday peak before tapering off.

Fibonacci Retracements

A key 61.8% retracement level at 0.02079 was retested but not decisively broken. This level may act as a pivot point for the next 24 hours. On the daily chart, a 50% retracement level from the recent low sits near 0.0208–0.0209, coinciding with the 15-minute support zone.

The market may continue to consolidate near 0.02064–0.02079 in the short term, with a potential test of the 50-period SMA. A break below 0.02055 could accelerate a short-term downtrend, while a move above 0.02105 would signal renewed bullish momentum. Investors should watch for a confirmation of the bearish engulfing pattern and divergences in volume and RSI.