Market Overview for Alchemy Pay/Bitcoin (ACHBTC) - 2025-10-03

• Price remained stable near $1.6e-07 throughout the 24-hour period with no significant directional movement.
• No candlestick patterns emerged as all candles closed at the same level, indicating minimal volatility.
• Volume remained negligible for most of the day, with only two spikes at 17:45 and 23:45 ET.
• No meaningful momentum shifts were observed on MACD or RSI, suggesting a lack of strong market sentiment.
• Bollinger Bands showed no expansion or contraction due to the absence of volatility.

Alchemy Pay/Bitcoin (ACHBTC) opened and closed the 24-hour period near $1.6e-07, with a high and low of the same value, indicating no price movement. The total volume traded was 8,072 BTC-equivalent, with turnover amounting to approximately $1.29.

Structure and formations over the 15-minute chart revealed a complete lack of price movement, with all candles forming at the same level, resembling flat-line behavior. No identifiable candlestick patterns—such as dojis or engulfing—were present. Key support and resistance levels could not be determined due to the absence of volatility.

Moving averages showed no directional bias, as prices remained constant over the entire period. On the 15-minute chart, the 20-period and 50-period moving averages aligned with the price. Daily moving averages also showed no meaningful separation. The MACD histogram and signal line remained flat, while the RSI hovered at its center, indicating neither overbought nor oversold conditions.

Bollinger Bands remained unchanged due to the lack of price fluctuation, suggesting no volatility expansion or contraction. Volume was largely absent, with only two spikes at 17:45 and 23:45 ET, where 3,735 and 4,337 BTC-equivalent were traded, respectively. No divergence between price and volume was observed, and Fibonacci retracement levels could not be applied due to the flat price action.

The backtest hypothesis is based on identifying low-volume, low-volatility conditions, which are typical in flat, ranging markets. In such environments, a mean-reversion strategy—buying on a pullback near the 20-period moving average and selling at a small profit—can be tested. However, the absence of clear support or resistance levels limits the effectiveness of such an approach.