Market Overview for Alchemy Pay/Bitcoin (ACHBTC) on 2025-09-21

• ACHBTC remained flat at 1.7e-07, with no price movement across 24 hours.
• Volume was minimal, with only 3 significant spikes totaling ~68,904.
• No candlestick patterns emerged due to flat price action.
• RSI and MACD remained neutral, indicating no momentum.
• Bollinger Bands showed no expansion, signaling low volatility.

24-Hour Summary

Alchemy Pay/Bitcoin (ACHBTC) traded flat at 1.7e-07 throughout the 24-hour period from 12:00 ET–1 on 2025-09-20 to 12:00 ET on 2025-09-21. Total trading volume amounted to approximately 68,904, while notional turnover remained negligible due to the fixed price level.

Structure & Formations

Over the course of the 24-hour window, ACHBTC showed no discernible price movement, remaining fixed at 1.7e-07. Consequently, no candlestick patterns (such as doji, engulfing, or hammers) were formed. This lack of movement suggests a complete absence of market participation or interest, as all OHLC values were identical across all 96 15-minute candles. The flat price action indicates a state of limbo or disengagement among traders, with no directional bias or volatility.

Moving Averages and Volatility

On the 15-minute chart, both the 20-period and 50-period moving averages would have remained flat at 1.7e-07, as the price did not deviate from this level. On the daily chart, the 50/100/200-period moving averages would also remain unchanged, reflecting the lack of price movement over the period. Bollinger Bands, too, showed no change or expansion, with all price points lying exactly on the band’s midline. This confirms the absence of volatility and reinforces the view that the market is in a state of inaction or technical pause.

Momentum and Indicators

The RSI indicator remained at its midpoint (50), reflecting no momentum or directionality in price. The MACD line and signal line would have overlapped at zero, also indicating a lack of bullish or bearish momentum. Both indicators confirm the market's inertia and suggest that no immediate directional move is likely in the near term. There is no indication of overbought or oversold conditions, as there was no price deviation.

Volume and Turnover

Trading volume was largely suppressed, with most 15-minute candles showing zero volume. However, there were three notable volume spikes: one at 16:30 ET (volume: 1,237), one at 23:45 ET (volume: 27,693), and another at 08:30 ET (volume: 44,444). These spikes indicate sporadic participation, but they were not sufficient to drive any price movement. Notional turnover remained minimal due to the flat price level, and there was no divergence between price and volume, as both remained static. The absence of price movement despite these volume spikes suggests that trading was likely concentrated in large, directional orders that canceled each other out, resulting in a net zero price change.

Backtest Hypothesis

For a potential trading strategy based on this market environment, a simple volume-based breakout trigger could be considered. Given the flat price and the presence of volume spikes, one could define a backtest hypothesis that assumes a breakout will occur once the volume exceeds a certain threshold (e.g., 10,000 units). This would signal increased market participation and could be used to trigger a long or short position depending on the direction of the next candle. While no price movement occurred in this window, the presence of intermittent volume suggests the potential for a future breakout if this volume-based trigger is met. This approach would be particularly relevant in pairs like ACHBTC, where price is often stuck in a tight range but volume occasionally increases, signaling possible momentum.