Summary
• Price climbed from 0.00752 to 0.00791, forming a bullish breakout above prior resistance.
• Momentum accelerated in the final 6 hours, with RSI reaching overbought levels.
• Volume spiked sharply during the late ET session, particularly around 08:15 ET.
• Bollinger Bands showed a recent expansion as volatility increased.
• A bullish engulfing pattern formed on the 5-minute chart around 00:15–00:30 ET.
24-Hour Summary
Alchemy Pay/USDC (ACHUSDC) opened at 0.00752 on 2025-12-24 12:00 ET and closed at 0.00791 on 2025-12-25 12:00 ET, reaching a high of 0.00791 and a low of 0.00752. Total volume traded was 1,788,408.0, with a notional turnover of approximately $13,796 (based on
value).
Structure & Key Patterns
The price structure revealed strong upward bias after 00:00 ET, as a bullish engulfing pattern formed following a consolidation phase. A key support level around 0.00766 was rejected, transitioning to a dynamic support-turned-resistance.
The price then broke above 0.00778, which was a prior high, signaling renewed buying interest.
Moving Averages and Momentum
On the 5-minute chart, the 20- and 50-period moving averages were in a bullish crossover by the early morning session, reinforcing the upward trend. The 50-period MA was above the 100- and 200-period lines on the daily chart, indicating a positive bias. RSI rose to overbought territory near 75 late in the session, suggesting potential short-term profit-taking.
Volatility and Volume
Bollinger Bands widened significantly after 08:00 ET, reflecting increased volatility and market participation. A sharp volume spike occurred at 08:15 ET, coinciding with a large price jump from 0.00776 to 0.00791. The high volume confirmed the bullish breakout, with no divergence observed between price and turnover.
Forward-Looking Outlook
The recent breakout above 0.00778 could see a test of 0.00791 as a short-term ceiling, with potential for a pullback toward 0.00774. Investors may watch for a possible consolidation period or continuation of the bullish momentum. A drop below 0.00774 could trigger renewed uncertainty, while a hold above 0.00785 may signal stronger conviction.
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