Alchemy Pay Market Overview

Summary
• Alchemy Pay traded lower by 1.07% over 24 hours, forming bearish momentum with RSI near oversold territory.
• Volatility expanded in the early session, with a key swing low forming around 0.02185 as price consolidated.
• Bollinger Band contraction in late hours suggests potential for a breakout or reversal.
• High volume observed during the downtrend but failed to push price below 0.02183, hinting at support.

Alchemy Pay (ACHUSDT) opened at 0.022 on 2025-08-23 12:00 ET and closed at 0.02123 on 2025-08-24 12:00 ET, with a high of 0.02211 and a low of 0.02106. Total volume reached 66.4 million, and notional turnover amounted to approximately $1.4 million over the 24-hour period.

Structure & Formations

The 15-minute chart shows bearish pressure with a key swing low forming at 0.02185 and a failed bearish test at 0.02183. A notable bearish engulfing pattern was visible at 0.02206–0.02203, suggesting continuation of the downward trend. A small doji at 0.02173 may hint at near-term indecision.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages trended lower, indicating bearish momentum. On the daily chart, price closed below all key MAs (50, 100, 200), reinforcing the bearish outlook.

MACD & RSI

The MACD histogram remained negative throughout the session, with a bearish crossover in the late hours. RSI dipped into oversold territory (below 30) near the close, suggesting a potential short-term bounce or consolidation.

Bollinger Bands

Bollinger Bands expanded early in the session before narrowing in the final hours, pointing to a potential breakout. Price stayed within the lower band for much of the period, highlighting continued bearish control.

Volume & Turnover

Volume spiked during the key selloff phase from 0.02204 to 0.02183. Turnover aligned with price declines, indicating strong selling conviction. However, volume waned during the consolidation phase, signaling caution ahead of further movement.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level of the most recent bearish swing is at 0.02172, which aligns with a minor support level. Daily retracement levels suggest 0.02090 as a deeper support target if the downtrend continues.

The near-term outlook for Alchemy Pay remains bearish, with price consolidating near 0.02123. A retest of the 0.02183 support could confirm its strength, while a break below this level may push price toward 0.02106–0.02090. However, traders should remain cautious as RSI nears oversold territory, which could precede a short-term rebound.