Market Overview for Alchemy Pay/Bitcoin (ACHBTC): 24-Hour Technical Summary

• ACHBTC traded in a tight range near 1.1e-07, with minimal price movement and volume.
• A sharp selloff occurred at 21:15 ET, dropping the price from 1.2e-07 to 1e-07 on heavy volume.
• Volume was concentrated in the late evening, with over 485k units traded in the key downswing.
• Price bounced back to 1.2e-07 briefly but remained range-bound with no clear directional momentum.
• Volatility and turnover were unusually low, suggesting minimal market interest in the pair.

Overview and Context

At 12:00 ET on October 11, 2025, ACHBTC opened at 1.2e-07 and traded between 1.0e-07 and 1.2e-07 over the next 24 hours, closing at 1.2e-07 on October 12. Total volume for the period was 507,937.0, with a total notional turnover of 56.3 BTC-equivalent. The pair displayed limited price movement and extremely low volatility, with the exception of a sharp, volume-driven decline in the early evening.

Structure & Formations

The candlestick structure for ACHBTC remained highly compressed throughout most of the 24-hour window, with nearly all candles forming doji or minimal bodies. The only notable break occurred at 21:15 ET, where a large bearish candle formed, opening at 1.2e-07 and closing at 1.0e-07. This candle marked the lowest point in the range and was followed by a period of consolidation. The price rebounded slightly near the close, forming a small bullish candle at the session’s end but failed to confirm any breakout above prior levels. No clear reversal or continuation patterns emerged due to the low volatility.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages remained closely aligned near 1.1e-07 to 1.2e-07, with no significant divergences. The price tested the 20-period average during the brief rebound in the final hours but did not close above it. On daily charts, the 50, 100, and 200-period MA lines were indistinguishable given the lack of movement, reinforcing the sideways bias.

MACD & RSI

The MACD histogram remained flat for most of the session, with a brief negative divergence during the selloff at 21:15 ET. RSI showed no signs of overbought or oversold conditions, remaining between 50 and 55 for the entire period. This further underscores the lack of momentum and the sideways nature of the trade. Neither indicator signaled a potential reversal or continuation, suggesting a continuation of the range-bound environment unless volume increases significantly.

Bollinger Bands

Bollinger Bands were in a state of contraction, reflecting the low volatility in the pair. The price remained within a narrow range, staying close to the middle band for most of the session. The brief drop to 1.0e-07 at 21:15 ET brought the price closer to the lower band, but it failed to hold that level and quickly returned to the middle. The absence of a breakout or significant expansion of the bands suggests that traders remain uncertain or uninterested in taking positions.

Volume & Turnover

Volume remained nearly flat for the majority of the session, with over 90% of the total volume concentrated in just two candles: the selloff at 21:15 ET and the rebound near the close. The volume spike at 21:15 ET was driven by a sharp price move from 1.2e-07 to 1.0e-07, indicating a large sell order or orders. However, the lack of follow-through in the subsequent candles suggests the move may not have been backed by strong conviction. Notional turnover followed a similar pattern, with most of the activity occurring in the final hours.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 1.0e-07 to 1.2e-07 swing, the 38.2% and 61.8% levels were at 1.124e-07 and 1.154e-07, respectively. The price failed to test either level during the rebound, remaining within the 1.1e-07 to 1.2e-07 range. No clear Fibonacci-based structure emerged, further reinforcing the idea that the movement was not driven by technical positioning but rather by occasional liquidity events.

Backtest Hypothesis

A backtesting strategy based on a combination of volume spikes and RSI divergence could be applied to this pair. The key signal would be a sudden increase in volume on a large bearish candle, followed by an RSI divergence to the downside. In this case, the 21:15 ET candle met the volume criteria and showed a brief negative MACD divergence, which could be tested as an entry trigger. A stop-loss could be placed above the 1.2e-07 level, with a target at 1.0e-07. This strategy would look to capitalize on short-term volatility and momentum shifts in pairs like ACHBTC, which otherwise remain range-bound.