Market Overview for Alchemy Pay/USDC (ACHUSDC)

Summary
• Price surged to $0.01173 before retracing to $0.01080, forming a bearish reversal pattern late in the session.
• Volatility expanded mid-day with volume spiking past 4.8M, but faded sharply after 02:00 ET.
• RSI overbought at 80 mid-day and fell below 50, signaling weakening bullish momentum.
• Bollinger Bands showed contraction during low-volume hours early morning.
• ACHUSDC’s 50-period MA crossed above 20-period MA early, but diverged with price by 06:00 ET.

Alchemy Pay/USDC (ACHUSDC) opened at $0.01093 on 2026-01-15 12:00 ET, surged to a high of $0.01173, and closed at $0.01080 by 2026-01-16 12:00 ET. The pair traded within a $0.0106–$0.01173 range, with total volume of 15.0M and turnover of $158,659.

Structure & Formations

Price made a high of $0.01173 during a large bullish 5-minute candle (2940263 volume), but failed to hold above the level, forming a bearish rejection pattern at the peak. A key support level appears to have formed around $0.01095–0.01100, with price bouncing multiple times during the day. A long lower wick at $0.01090–0.01095 suggested sellers emerged strongly, while a doji near $0.01093 reflected indecision.

Moving Averages

The 50-period MA crossed above the 20-period MA early in the session, confirming short-term bullish momentum. However, as volume waned overnight and price fell below the 50-period MA, the signal diverged, suggesting bearish exhaustion may follow.

Momentum & Volatility

RSI spiked to 80 mid-day, indicating overbought conditions, and retreated below 50 by 06:00 ET, signaling bearish momentum. MACD turned negative after 22:00 ET, confirming a loss of upward thrust. Volatility, as shown by Bollinger Bands, expanded mid-day before narrowing overnight as volume dropped.

Volume and Turnover

Volume spiked to 4.8M after 20:00 ET when price peaked at $0.01166 but dropped sharply after 02:00 ET as selling pressure took over. Turnover mirrored volume trends, but diverged in the early morning, with low turnover not reflecting a proportional price decline, hinting at thin order books.

Fibonacci Retracements

Key Fibonacci levels from the $0.01090–0.01166 swing showed resistance at 61.8% ($0.01137) and support at 38.2% ($0.01118). Price tested both levels during the day, but failed to hold above 61.8%, reinforcing bearish sentiment.

The market appears to be testing a critical support zone near $0.01080–0.01085. If this level fails, a move toward $0.0106 or lower could follow. Investors should remain cautious, as thin volumes and diverging indicators increase short-term downside risk.