Market Overview: ACHUSDC Shows Signs of Short-Term Downtrend Amid High Volatility

Summary
• ACHUSDC broke key support levels, forming bearish engulfing patterns after 18:00 ET.
• Momentum weakened as RSI hit 28, suggesting oversold conditions.
• Volatility expanded as price traded 1.3% range in last 90 minutes.
• Turnover surged past $170k during 9:45–10:00 ET breakout.

Alchemy Pay/USDC (ACHUSDC) opened at 0.01067 on 2026-01-12, reached 0.01068, fell to 0.01001, and closed at 0.01014 on 2026-01-13. Total 24-hour volume was 15,885,820, with notional turnover of $157,130.

Structure & Formations

Price broke below a critical support level of 0.0105 after 18:00 ET, confirmed by bearish engulfing patterns and a doji at 21:15 ET. The low at 0.01001 marked a potential short-term floor, with Fibonacci retracements indicating possible bounce levels at 0.0102 and 0.0103.

Moving Averages

On the 5-minute chart, the 20-EMA pulled below the 50-EMA, signaling bearish momentum. On the daily chart, price remains below all key MAs (50, 100, 200), suggesting a broader downtrend.

MACD & RSI
MACD turned negative around 19:00 ET and crossed into oversold territory. RSI bottomed near 28, suggesting potential for a near-term bounce, but momentum remains weak.

Bollinger Bands

Bollinger Bands expanded significantly between 09:45–10:00 ET, coinciding with the 0.01063 high. Price remains near the lower band, indicating continued bearish pressure.

Volume & Turnover

Volume spiked during the breakout at 09:45 ET, reaching 2.46 million contracts. Turnover surged to $258k, the highest 5-minute total, suggesting increased participation. Price-volume alignment during the sell-off post-18:00 ET supports bearish continuation.

Over the next 24 hours, ACHUSDC may test the 0.01005–0.0101 level for support, with a potential bounce to 0.0103 if buyers emerge. However, a break below 0.01005 could extend the decline toward 0.00995. Investors should watch for divergence between price and RSI as a possible reversal signal.