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Summary
• Price dropped from $7.93 to $7.79 in 24 hours with a bearish breakdown below key support at $7.85.
• Volume surged during the decline, confirming bearish momentum with no reversal signs in candlestick patterns.
• RSI and MACD show oversold conditions, but divergence between volume and price suggests caution for near-term buyers.
Alchemix/Tether (ALCXUSDT) opened at $7.92 at 12:00 ET-1, reaching a high of $7.93 before closing at $7.79 at 12:00 ET today. The 24-hour trading range spanned $7.80 to $7.97, with total volume of 23,465.82 ALCX and turnover of $176,562.

ALCXUSDT may find temporary support near $7.75, but a sustained move above $7.85 could signal a trend reversal. Traders should monitor volume behavior and RSI for signs of exhaustion or renewed bearish pressure in the next 24 hours.
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