Market Overview for Alchemy Pay/USDC

Summary
• ACHUSDC opened at $0.00924 and closed at $0.00884, with a high of $0.0093 and low of $0.00879 over 24 hours.
• A key resistance appears near $0.00919, with a breakdown confirmed after a large-volume bearish reversal candle.
• RSI dropped to 30-35, suggesting oversold conditions, though volume diverged from price strength in the final hours.
• Volatility expanded in the final 8 hours, with Bollinger Bands widening as the pair drifted lower.
• Fibonacci 61.8% support at ~$0.00904 was tested but failed to hold, indicating bearish control.

Alchemy Pay/USDC (ACHUSDC) opened at $0.00924 on 2025-12-09 and closed at $0.00884 by 2025-12-10. The pair reached a high of $0.0093 and touched a low of $0.00879. Total volume was 4.6 million units, with notional turnover amounting to approximately $41,000.

Structure & Moving Averages

The 5-minute chart showed a breakdown below key support at $0.00919, confirmed by a bearish reversal candle with high volume. The 20-period and 50-period moving averages on the 5-minute chart are both below the current price, reinforcing the downward bias. On the daily timeframe, the price is below all major moving averages (50/100/200), indicating a bearish setup.

Momentum & Indicators

The RSI fell into the 30–35 range in the final hours, suggesting short-term oversold conditions, although price weakness continued. MACD turned negative in the final 6 hours, with bearish divergence from volume.

. Bollinger Bands expanded as volatility increased during the late trading session, with price closing near the lower band.

Volume and Divergences

Volume spiked in two major bearish moves, the first around 18:45–19:15 ET and the second between 11:15–12:00 ET. Notional turnover increased as price fell, with no signs of divergences that would suggest a reversal. The largest single candle in volume was at 11:15 ET, with 1.25 million units traded during the breakdown.

Fibonacci and Key Levels

Fibonacci retracement levels from the recent high at $0.0093 identified a 61.8% support at $0.00904, which was tested but failed to hold. Price then continued lower to test a 78.6% level near $0.00879. No immediate bullish signals emerged from these levels, with volume confirming the breakdown.

The pair appears to be in a bearish consolidation phase, with price drifting lower despite brief attempts to rally. While oversold indicators may attract some short-term buyers, the breakdown below key Fibonacci and moving average levels suggests that further downside is likely. Investors should remain cautious as ACHUSDC may test $0.00875 next, with increased volatility expected if the $0.00880 support is breached.