Market Overview: Alchemy Pay/USDC (ACHUSDC) on 2025-12-16

Summary
• Price formed key support near 0.00848 and rebounded with bullish momentum.
• Volatility expanded in the late hours, with price breaking above 0.0086.
• Downturn in turnover post-12:00 ET suggests reduced liquidity or market consolidation.
• 50-period moving average aligned with 0.0085, confirming a potential pivot level.
• RSI reached 55, suggesting neutral momentum but no clear overbought or oversold condition.

Alchemy Pay/USDC (ACHUSDC) opened at 0.00849 on 2025-12-15 12:00 ET, reached a high of 0.00865, a low of 0.00844, and closed at 0.00854 on 2025-12-16 12:00 ET. Total 24-hour volume was 1,128,686.0 and turnover amounted to approximately $9,480. The price action showed a rebound off key support at 0.00848 and a late surge above 0.0086, indicating growing buyer interest.

Structure & Formations

A bearish engulfing pattern formed at 0.00852, followed by a recovery. Price found support near 0.00848, forming a potential base. A small doji appeared at 0.00848, hinting at indecision. Resistance levels formed at 0.00855, 0.0086, and 0.00862, with 0.00865 acting as the first key overhead level.

Moving Averages

On the 5-minute chart, the 20-period MA hovered near 0.0085, and the 50-period MA aligned closely with it. This suggests a potential equilibrium point in the short term. On the daily chart, a longer-term trend remains neutral, with the 50/100/200-period MAs broadly aligned. The price appears to be in a transitional phase.

MACD & RSI

The MACD showed a bullish crossover in the early hours, with positive momentum picking up toward the end of the 24-hour period. RSI reached 55, indicating moderate bullish strength but not overbought conditions. Momentum appears to be gathering, though caution is advised as RSI near mid-levels is often a consolidation phase.

Bollinger Bands

Price briefly broke above the upper band in the late morning, suggesting a potential breakout attempt. The bands expanded in the final hours, reflecting growing volatility. The 0.00862 high sits just below the upper band, indicating a tight short-term range breakout.

Volume & Turnover

Volume spiked significantly during the 23:30–00:00 ET window, with a high of 0.00862 and a volume of 89,366. Turnover in the same period showed strong confirmation, though volume later dropped sharply after 12:00 ET, suggesting reduced liquidity. A divergence between price and volume in the final hours could indicate fading momentum or a consolidation phase.

Fibonacci Retracements

Fib levels applied to the 0.00844–0.00862 swing showed 0.00853 (38.2%) as a probable support/resistance level and 0.00858 (50%) as a mid-range pivot. Daily Fibonacci levels, based on broader swings, suggest that 0.0087 is the next potential resistance level if the trend continues.

Looking ahead, ACHUSDC appears to be consolidating with a potential bias toward a breakout above 0.00862. Traders should remain cautious of a pullback to 0.0085–0.00855, where key moving averages and Fibonacci levels congregate. A sudden drop in volume raises some concern for reduced follow-through buying.