Market Overview for Alchemy Pay/USDC (ACHUSDC)

Summary
• Price consolidates near $0.00771–$0.00775 with a bullish 5-minute engulfing pattern near 06:15 ET.
• Volatility remains low, with Bollinger Bands narrow; RSI near neutral with no clear overbought/oversold signal.
• Volume surged to 135,376 ACHUSDC at 06:15 ET, coinciding with a small upward move and strong confirmation.

Alchemy Pay/USDC (ACHUSDC) opened at $0.00769 on 2025-12-21 12:00 ET, reached a high of $0.0078, and settled at $0.00772 by 12:00 ET on 2025-12-22. Total trading volume was 1,353,760 ACHUSDC, with a turnover of approximately $10,366.

Structure & Formations

Price action on the 5-minute chart shows consolidation around $0.00772–$0.00775, with a notable bullish engulfing pattern forming at 06:15 ET as price moved from $0.00772 to $0.00775. Earlier, a bearish 5-minute pattern appeared at 18:30 ET, with a drop from $0.00759 to $0.00755. The formation of these patterns suggests a tug of war between short-term buyers and sellers, though the most recent pattern appears to favor bulls.

Moving Averages

Short-term 20/50-period moving averages on the 5-minute chart indicate a sideways to slightly bullish bias, with the 50-period MA showing a marginal upward trajectory. The 50/100/200-day MAs, on the other hand, point to a range-bound market with no strong trend. . Price action has remained within the 0.00753–0.00775 range for the past 24 hours, suggesting lack of strong directional momentum.

MACD & RSI

The 12/26/9 MACD shows a narrowing histogram with a recent slight positive divergence, suggesting fading bearish momentum. RSI remains in the mid-40s to mid-50s range, with no clear overbought or oversold signals. This suggests market neutrality, with neither buyers nor sellers dominating the near-term direction.

Bollinger Bands

Volatility remains low, with Bollinger Bands contracting throughout much of the 24-hour period. At 06:15 ET, price broke out of a narrow band to close near the upper band, suggesting a potential breakout attempt. However, the low volatility backdrop means a strong follow-through is needed for a sustained move.

Volume & Turnover

Volume spiked to 135,376 ACHUSDC at 06:15 ET, coinciding with a price increase from $0.00772 to $0.00775. This suggests accumulation by buyers during that period. However, overall volume levels have been generally low throughout the day, with multiple 5-minute intervals showing zero trading activity. This implies limited market participation.

Fibonacci Retracements

On the 5-minute chart, the 38.2% and 61.8% Fibonacci levels from the 0.00753–0.00767 swing fall near $0.00762 and $0.00765, which were key support and resistance levels earlier in the day. Price found temporary support at $0.00762 and later broke the 0.00765 level, indicating that traders are watching these retracement levels for potential continuation or reversal cues.

Forward-Looking Observation

The recent bullish 5-minute pattern and volume confirmation may signal a short-term buying opportunity. However, traders should watch for a pullback to key Fibonacci levels or a rejection at $0.00775–$0.0078 to confirm momentum. A failure to hold above $0.00771 could invite renewed bearish pressure, so caution is warranted in the near term.