Summary
• Price declined early in the session before a late bullish reversal pushed
5.7% higher by 12:00 ET.
• Volume spiked to 447,000 units in the last 4 hours, confirming strength in the final upward move.
• RSI hit 32 in the morning low and climbed to 58 by close, suggesting moderate bullish momentum.
• Bollinger Bands expanded in the final 6 hours, indicating rising volatility and potential for a breakout.
• Key 5-minute resistance appears near 0.00965–0.00975, with Fibonacci 61.8% aligning closely with the 7:45 AM swing high.
Alchemy Pay/USDC (ACHUSDC) opened at 0.00926 on 2026-01-08 at 12:00 ET, touched a low of 0.00909 before surging to a high of 0.00978, and closed at 0.00948 on 2026-01-09 at 12:00 ET. Total volume reached 2.84 million units, with notional turnover of $26,474.
Structure & Formations
The price profile showed a distinct bearish bias in the early hours, forming multiple dark cloud cover patterns and long-bodied red candles. However, a bullish reversal emerged around 02:15 ET, marked by a large bullish engulfing candle. Key support appeared at 0.00915–0.00921, while resistance levels developed at 0.00945 and 0.00965–0.00975.
Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the final 3 hours, signaling a short-term bullish bias. On the daily chart, the 50-period MA is slowly trending higher, while the 200-period MA remains a key long-term reference.
MACD & RSI
The MACD turned positive in the final 5 hours, with a bullish crossover supporting the late rally. RSI bottomed near 32 and climbed to 58 by the close, suggesting a moderate upswing in momentum without overbought conditions.
Bollinger Bands
Volatility remained low for most of the session, with price trading near the midline. However, the last 6 hours saw a sharp expansion of Bollinger Bands, especially after 05:00 ET. Price closed near the upper band, suggesting rising bullish pressure.
Volume & Turnover
Volume remained subdued until 02:15 ET, when it spiked sharply to 105,000 units. The largest 5-minute notional turnover of $353 occurred at 07:15 ET, coinciding with a key breakout above 0.00965. Price and turnover aligned in the final hours, confirming bullish conviction.
Fibonacci Retracements
Applying Fibonacci retracements to the 0.00909–0.00978 swing, the 61.8% level at 0.00954 closely aligns with the 7:45 AM swing high. This level may serve as a potential target if the current bullish momentum continues.
Looking ahead, the next 24 hours may test 0.00965–0.00975 resistance. While the late rally is encouraging, a sustained break above 0.00975 could attract further buyers, but a close below 0.00946 would signal a potential reversal. Investors should monitor volume and momentum indicators for confirmation of continuation or reversal patterns.
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