Market Overview for Alchemy Pay/USDC (ACHUSDC) on 2026-01-05

Summary
• Price fell 1.05% over 24 hours, hitting a low of $0.00868.
• A bearish engulfing pattern formed near 0.00903–0.00911.
• Volatility surged during early ET hours, but faded by midday.
• RSI dipped into oversold territory, suggesting potential for near-term rebound.
• Turnover spiked 3x above average at 18:00 ET, but failed to drive higher prices.

Alchemy Pay/USDC (ACHUSDC) opened at $0.00903 on 2026-01-04 at 12:00 ET and closed at $0.00868 by 12:00 ET on 2026-01-05. The price reached a high of $0.00911 and a low of $0.00868, with total volume of 1,808,898.8 and notional turnover of $15,435.57 over 24 hours.

Structure & Formations

The price action showed a clear bearish trend, with a strong rejection at the 0.00903–0.00911 resistance zone. A bearish engulfing pattern formed early in the session, which confirmed the shift in sentiment. A doji near 0.00887 suggested indecision and a potential reversal, but follow-through was weak. Key support levels emerged at 0.00887 and 0.00868, both of which withstood selling pressure.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages were in bearish alignment, with price below both. On the daily chart, the 50- and 100-period moving averages appear to be converging, suggesting a potential short-term equilibrium. The 200-period moving average continues to act as a key resistance in the broader trend.

MACD & RSI

The MACD turned negative early in the session and remained below the signal line, signaling bearish momentum. RSI fell into oversold territory near 0.00868, indicating potential for a rebound in the near term. However, divergence between RSI and price during the 18:00–20:00 ET period suggests caution in interpreting overbought/oversold signals.

Bollinger Bands

Volatility expanded during the early part of the session before stabilizing. Price spent much of the day near the lower band, particularly after the 18:00 ET sell-off. A contraction in Bollinger Band width around 00:00–01:00 ET suggested a lull in activity, followed by a sharp move lower.

Volume & Turnover

Volume spiked sharply at 18:00 ET, with over 859,949 units traded as the price dropped from 0.00907 to 0.00906. Turnover confirmed the bearish bias with a large-volume sell-off during that window. However, the subsequent volume dried up significantly between 02:00 and 05:00 ET, indicating reduced participation. A divergence between price and turnover at 04:30 ET suggests weak conviction in the move lower.

Fibonacci Retracements

On the 5-minute chart, the price dropped from 0.00911 to 0.00868, with key retracement levels at 0.00889 (38.2%) and 0.00881 (61.8%). Both levels acted as temporary pauses but failed to trigger a reversal. Daily Fibonacci levels may now become relevant as the price nears the 0.0085–0.0087 range.

Looking ahead, a retest of the 0.00887 support could confirm its strength and potentially set up a short-term bounce. However, without a significant increase in volume or positive divergence in momentum indicators, the bearish bias may persist. Investors should remain cautious of thin volume levels and the risk of a breakdown below 0.00868.