Summary
• Alchemy Pay/USDC consolidates between $0.01075 and $0.01130, with bearish momentum on the 5-minute chart.
• Volume surges after 07:00 ET as price declines to a 24-hour low near $0.01072.
• A bearish engulfing pattern forms near $0.01105, suggesting short-term downside potential.
• RSI and MACD show weakening bullish momentum with price near oversold levels.
• Bollinger Bands contract briefly before an aggressive price drop, signaling potential volatility.
Alchemy Pay/USDC (ACHUSDC) opened at $0.01102 on 2026-01-11 at 12:00 ET and closed at $0.01104 on 2026-01-12 at 12:00 ET, with a high of $0.01133 and a low of $0.01071. Total volume for the 24-hour period was 17,032,662.0 and notional turnover was $189,702.53.
Structure & Formations
Price action over the 24-hour period shows a bearish trend, forming a descending triangle pattern with key support at $0.01075 and resistance at $0.01130. A notable bearish engulfing pattern emerged around $0.01105, potentially signaling a short-term continuation of the downtrend. A doji appeared near $0.01102 at 17:00 ET, indicating indecision in the market during the initial bearish phase.
Moving Averages
On the 5-minute chart, price closed below the 20-period and 50-period moving averages, indicating bearish bias. Daily moving averages (50, 100, 200) suggest longer-term support may be near $0.01085, with the 50-day MA acting as a short-term floor.
MACD & RSI
The MACD has turned negative with bearish divergence forming, while the RSI reached oversold territory below 30 during the late ET hours. These readings suggest that although momentum is weak, a rebound off the oversold levels may be due in the near term.
Bollinger Bands
Price briefly narrowed within the Bollinger Bands during the early hours, showing a contraction in volatility, followed by a sharp decline that pushed price to the lower band. This expansion may indicate an increase in short-term volatility as the pair tests key support.
Volume & Turnover
Volume spiked significantly after 07:00 ET as the price dropped to its 24-hour low, confirming bearish pressure. Turnover also rose in tandem with the price decline, showing that the move was supported by increased selling activity. No clear divergence was observed between volume and price during the session.
Fibonacci Retracements
Applying Fibonacci to the 5-minute swing from $0.01130 to $0.01072, key retracement levels are at $0.01106 (38.2%) and $0.01090 (61.8%). Price briefly bounced at $0.01104 near the 38.2% level, but failed to hold, suggesting further downward movement could be expected.
Price may test the $0.01075 support in the next 24 hours, with a potential bounce or reversal if that level holds. Investors should be cautious as a breakdown below this level could accelerate the decline toward $0.01065.
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