Market Overview for Alchemy Pay/Bitcoin (ACHBTC)

• Price remained flat at 1.6e-07 for nearly the entire 24-hour period, with only two volume spikes recorded.
• No significant candlestick patterns emerged due to the lack of price movement and volatility.
• RSI and MACD showed no directional momentum, indicating a highly range-bound session.
• Bollinger Bands remained compressed, signaling low volatility and limited short-term directional bias.
• Total volume and turnover remained near zero, with two large trades accounting for most of the volume.

Alchemy Pay/Bitcoin (ACHBTC) traded flat over the past 24 hours, opening and closing at 1.6e-07 on both 2025-09-25 12:00 ET and 2025-09-26 12:00 ET. The high and low were both 1.6e-07, indicating minimal price movement. Total volume for the period was 56,962.0, and notional turnover showed little to no activity, with nearly all candles reporting zero volume.

Structure & Formations

Price action over the last 24 hours showed no significant candlestick patterns or breakouts. With all OHLC values remaining constant at 1.6e-07, no bullish or bearish formations—such as engulfing or doji—could be identified. The flat movement suggests a lack of conviction among market participants, with price lingering within a tight range. No key support or resistance levels were reached or tested due to the absence of directional pressure.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages would remain flat at the same level as the price, given the constant value of 1.6e-07. No crossovers or divergence could be observed. On a daily timeframe, the 50, 100, and 200-period moving averages would also align closely with the price, reinforcing the static nature of the market.

MACD & RSI

The MACD histogram showed no divergence, with both the fast and slow lines remaining at zero, reflecting the absence of momentum. The RSI indicator remained in the mid-range (approximately 50), with no indication of overbought or oversold conditions. The flatness of both indicators underscores the lack of directional bias and low trading activity.

Bollinger Bands

Bollinger Bands remained compressed as price did not deviate from its flat trajectory. The narrow width of the bands signals low volatility and limited potential for a breakout in the short term. Given the current state, any break above or below 1.6e-07 would likely require a significant external catalyst.

Volume & Turnover

Volume remained near zero for most of the period, with only two notable spikes—10731.0 and 46091.0—occurring at 2025-09-25 171500 and 2025-09-26 081500, respectively. No significant notional turnover was recorded, with the majority of candlesticks reporting zero activity. The two volume spikes did not result in any price deviation, indicating low liquidity and minimal participation.

Fibonacci Retracements

Fibonacci retracement levels, typically used to identify potential support and resistance zones, were not applicable in this case due to the absence of price swings or directional movement. On the 15-minute and daily charts, retracement levels would remain undefined or overlapping with the current price level.

Backtest Hypothesis

For a potential trading strategy, one could consider a breakout-based approach using the Bollinger Bands as a trigger. Given the compressed nature of the bands, a break above the upper or below the lower band could signal a directional move. However, with the current price and volume dynamics, such a breakout would require strong volume confirmation. A backtest could evaluate the performance of entering a position upon a breakout from the bands, with a stop-loss placed near the opposite band. This approach may be more effective during periods of higher volatility and increased volume.