Market Overview for Alchemix/Tether (ALCXUSDT) on 2025-12-13

Summary
• ALCXUSDT broke above key resistance near $8.97, forming bullish engulfing patterns in late ET hours.
• RSI indicates overbought conditions, suggesting possible pullback or consolidation ahead.
• Volatility expanded in early morning ET with higher volume and increased turnover, supporting recent momentum.
• Price closed above 50-period 5-minute MA, signaling short-term bullish bias.
• Bollinger Bands widened post-20:00 ET, suggesting increased market participation and trend strength.

The Alchemix/Tether pair opened at $8.93 on 2025-12-12 at 12:00 ET and closed at $9.07 on 2025-12-13 at 12:00 ET. The 24-hour high was $9.09, low at $8.85. Total volume was 26,896.53 ALCX and turnover reached $243,374.89.

Structure & Formations

Price formed a bullish engulfing pattern after crossing above $8.97 during the 00:30–00:45 ET window. A doji formed at $8.94 during the 23:45–00:00 ET period, suggesting indecision ahead of a breakout. A strong bullish flag pattern is visible between $8.89 and $8.97, with a breakout above the upper boundary confirmed post 00:30 ET. Key support levels appear at $8.93 and $8.89, while resistance is now at $9.01 and $9.07.

Moving Averages

On the 5-minute chart, price closed above the 20-period and 50-period moving averages, indicating short-term bullish momentum. The 50-period line is at $8.96, and the 20-period is at $8.97. On a daily basis, the 50-period MA at $8.92, 100-period MA at $8.90, and 200-period MA at $8.88 suggest that the trend has turned bullish after several weeks of sideways consolidation.

MACD & RSI

The MACD crossed above its signal line around 00:30 ET and has remained in positive territory, reinforcing the bullish bias. RSI has been in overbought territory since 02:00 ET, hovering near 70–74, suggesting a potential pullback or consolidation phase could follow. However, the divergence between rising prices and slightly weakening RSI implies caution is warranted for overbought conditions.

Bollinger Bands

Volatility expanded after 20:00 ET, with Bollinger Bands widening significantly. Price closed near the upper band on 12/13, indicating strong bullish momentum in the late session. A contraction in the bands was observed earlier in the day, suggesting a consolidation phase before the breakout.

Volume & Turnover

Trading volume spiked in the 04:30–05:00 ET window as price broke above $9.00 and again after 00:30 ET when the move above $9.01 was confirmed. Notional turnover also increased during these periods, confirming the bullish move. A divergence in turnover was noted between 07:00–08:00 ET, where volume was high but turnover flat, hinting at potential order-book thinness.

Fibonacci Retracements

On the 5-minute chart, price reached the 61.8% Fibonacci retracement level after the $8.89–$8.96 swing, confirming the strength of the upward move. The 38.2% level at $8.93 acted as a temporary support. On the daily chart, the 50% retracement level at $8.95 appears to have been a key psychological level, with price breaking above it decisively in the early morning.

Alchemix/Tether appears to have completed a short-term bullish breakout, supported by strong volume and momentum. However, with RSI in overbought territory and Bollinger Bands showing increased volatility, traders may look for a consolidation phase before the next directional move. Investors should watch for a pullback to the $8.93–$8.91 range for possible re-entry or continuation.