ALCXUSDT Stuck Between $5.55 and $5.68 as Volume Fails to Confirm Breakout
Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Feb 7, 2026 2:20 am ET1min read
ALCX--
Aime Summary
Alchemix/Tether (ALCXUSDT) opened at $5.63 on 2026-02-06 12:00 ET, reached a high of $5.73, and closed at $5.59 on 2026-02-07 12:00 ET. The total 24-hour volume was 19,335.9099 units with a notional turnover of $106,146.80.
The price has formed a tight consolidation pattern between key psychological levels of $5.55 and $5.68. A notable bearish engulfing pattern appeared around $5.52 after the initial support test, while a bullish harami emerged near $5.60 early in the session. No clear doji patterns were observed, but the range-bound action suggests indecision.
On the 5-minute chart, the 20-period and 50-period moving averages are closely aligned just below the 5.62–5.63 range, indicating a possible short-term pivot zone. Daily MAs are not applicable due to insufficient daily resolution in the data.
The MACD line has been moving near the signal line, reflecting neutral momentum. RSI remains in the mid-50s, suggesting balanced buying and selling pressure without overbought or oversold conditions.
Volatility has been moderate, with price activity staying within the Bollinger Bands. A slight contraction in the band width was observed during the overnight Asian session, suggesting the potential for a breakout.
Volume spiked near $5.52 during a sharp correction in the early evening, confirming the strength of that support level. Notional turnover spiked in parallel, reinforcing the move. However, volume has since declined, suggesting traders may be waiting for a directional signal.
A recent 5-minute swing from $5.68 to $5.50 saw price testing the 61.8% retracement level at $5.56 before rebounding. This level appears to be acting as a dynamic floor for near-term buyers.
Aime SummarySummary
• Price action shows consolidation between $5.55 and $5.68 amid mixed momentum.
• Volume spikes near $5.52 confirm a key support level but lacks follow-through.
• RSI neutrality suggests no immediate overbought or oversold signals.
Market Overview
Alchemix/Tether (ALCXUSDT) opened at $5.63 on 2026-02-06 12:00 ET, reached a high of $5.73, and closed at $5.59 on 2026-02-07 12:00 ET. The total 24-hour volume was 19,335.9099 units with a notional turnover of $106,146.80.
Structure & Formations
The price has formed a tight consolidation pattern between key psychological levels of $5.55 and $5.68. A notable bearish engulfing pattern appeared around $5.52 after the initial support test, while a bullish harami emerged near $5.60 early in the session. No clear doji patterns were observed, but the range-bound action suggests indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are closely aligned just below the 5.62–5.63 range, indicating a possible short-term pivot zone. Daily MAs are not applicable due to insufficient daily resolution in the data.
MACD & RSI
The MACD line has been moving near the signal line, reflecting neutral momentum. RSI remains in the mid-50s, suggesting balanced buying and selling pressure without overbought or oversold conditions.
Bollinger Bands
Volatility has been moderate, with price activity staying within the Bollinger Bands. A slight contraction in the band width was observed during the overnight Asian session, suggesting the potential for a breakout.
Volume & Turnover
Volume spiked near $5.52 during a sharp correction in the early evening, confirming the strength of that support level. Notional turnover spiked in parallel, reinforcing the move. However, volume has since declined, suggesting traders may be waiting for a directional signal.
Fibonacci Retracements
A recent 5-minute swing from $5.68 to $5.50 saw price testing the 61.8% retracement level at $5.56 before rebounding. This level appears to be acting as a dynamic floor for near-term buyers.
Price may attempt to break above the $5.63–5.65 range in the next 24 hours, but a failure to do so could see renewed testing of the $5.55–5.52 support cluster. Investors should remain cautious of thin volume and avoid overcommitting in either direction.
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PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
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