ACH USDT Alchemy Pay Technical Analysis

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By Frans van Elst

Alchemy Pay logo In this Alchemy Pay technical analysis, we will examine the current price action, trading volume, key levels and indicators for ACH-USDT. Alchemy Pay is a decentralized payment platform that utilizes blockchain technology to facilitate fast and secure transactions. With ACH, users can easily convert their digital assets into fiat currencies, enabling them to make purchases at over 40 million merchants worldwide. Additionally, Alchemy Pay’s innovative features such as its decentralized identity verification system and smart contract-based escrow service provide an added layer of security and transparency for users.

Alchemy Pay Price Overview:

As of April 17, 2024, Alchemy Pay is trading at approximately 0.02746 USDT. Let’s dive into the detailed price action for ACH-USDT:

Consider bearish sentiment for Alchemy Pay (ACHUSDT) at 2.75e-02 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Metric Value
Open (O) 0.02871
High (H) 0.02929
Low (L) 0.02721
Close (C) 0.02746
Volume (C) 218,564,712.00
  • Open (O): The opening price for today’s trading session was approximately 0.02871 USDT.
  • High (H): Alchemy Pay reached a daily high of around 0.02929 USDT.
  • Low (L): The daily low for ACH-USDT was approximately 0.02721 USDT.
  • Close (C): At the time of analysis, Alchemy Pay is trading near its daily close of 0.02746 USDT.
Metric Value
1D Change (%) -4.42%
3D Change (%) -0.25%
7D Change (%) -19.26%
30D Change (%) -26.87%
90D Change (%) 48.59%
YTD Change (%) 28.92%

Over the past three days, ACHUSDT has decreased by approximately -0.25%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -19.26%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACHUSDT maintaining a downward trend of approximately -26.87%, despite intermittent fluctuations. Examining the last 90 days, ACHUSDT has witnessed substantial increase of approximately 48.59%, reflecting strong long-term confidence. Year-to-date, ACHUSDT has steadily increased by around 28.92%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Alchemy Pay Live Chart:

You can access a live price chart for ACH-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.16335.
  • Momentum score is -0.34572.

ACH USDT Technical Analysis

Alchemy Pay Trading Volume:

The trading volume for Alchemy Pay (ACH) over the past 24 hours has been insignificant, with approximately 218,564,712.00 USDT traded against ACH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ACH is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Alchemy Pay is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ACH-USDT is currently in the neutral zone, around 46.13023. This suggests that Alchemy Pay is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Alchemy Pay (ACH-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Consider bearish sentiment for Alchemy Pay (ACHUSDT) at 2.75e-02 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Explore more with our thorough insights on ACH BTC Alchemy Pay Technical Analysis — an essential read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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